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June 30, 2014
08:35 EDTRYAM, RYNRayonier Advanced Materials separation from Ryanair completed
Rayonier Advanced Materials (RYAM) marked its launch as an independent publicly traded specialty chemicals company. The company's separation from Rayonier (RYN) occurred at 11:59 p.m., Eastern Time, on June 27, by means of a tax-free distribution of 100% of the outstanding common stock of Rayonier Advanced Materials to Rayonier shareholders of record as of the close of business on June 18.
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