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Advisory Firm Institutional Shareholder Services recommends approval of the Plan of Arrangement involving the Acquisition of Tembec by Rayonier Advanced Materials

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Tembec Inc. (TSX : TMB) (“Tembec”) announced today that Institutional Shareholder Services (“ISS”) has recommended that shareholders of Tembec vote FOR the proposed plan of arrangement (the “Arrangement”) involving the acquisition by Rayonier Advanced Materials Inc. (“Rayonier AM”) of all of the outstanding shares of Tembec (the “Tembec Shares”).

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