July 24, 2017 / 2:02 AM / a month ago

BRIEF-Rayonier Advanced Materials says have entered into amended agreement to acquire Tembec Inc

July 23 (Reuters) - Rayonier Advanced Materials Inc :

* Rayonier Advanced Materials and Tembec announce increase in consideration under amended arrangement agreement

* Rayonier Advanced Materials to buy Tembec for an increased consideration valued at c$4.75 per tembec share

* Rayonier Advanced Materials says have entered into amended agreement under which Rayonier has agreed to acquire Tembec

* Rayonier Advanced Materials says deal for increased consideration valued at c$4.75

* Rayonier Advanced Materials says Oaktree and Bennett Management agree to vote in favor of arrangement

* under agreement, Tembec shareholders will have right to elect to receive either c$4.75 in cash or 0.2542 shares of rayonier stock per tembec share Source text for Eikon: Further company coverage:

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