09:54 AM EST - Domtar Corp. : said it has entered into an agreement to sell its forest products business to EACOM Timber Corp. for $80 million plus elements of working capital estimated at $30 to $40 million. Domtar will receive 19% of the proceeds in shares of EACOM. The transaction is expected to close at the end of the second quarter of 2010. The transaction includes five operating sawmills, Timmins, Nairn Centre and Gogama in Ontario, and Val-d'Or and Matagami in Quebec; as well as two non-operating sawmills, Ear Falls in Ontario and Ste-Marie in Quebec. Domtar Corp.
shares T.UFS are trading up $0.62 at $66.10.
