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Kruger ponders fate of Newfoundland mill
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Kruger says it will “reassess the viability” of its Corner Brook newsprint mill in Newfoundland, after its proposed relief measures for pension plan funding were rejected by unionized employees.
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Catalyst Paper postpones creditor vote again
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Saying it needs more time to discuss potential changes with creditors, Catalyst Paper announced that the meetings of its secured and unsecured creditors to consider the plan of arrangement have been rescheduled to May 23. The meetings were...
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Resolute's ownership of Fibrek grows to 71%
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Resolute Forest Products has acquired an additional 9.9 million shares of Fibrek Inc., giving the company approximately 70.9% of the outstanding Fibrek shares as of May 14. Resolute’s purchase offer remains open until May 17.
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Resolute succeeds in bid for Fibrek, owns 50.1%
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AbitibiBowater Inc., doing business as Resolute Forest Products, announced May 2 that it has purchased 1.6 million additional shares of Quebec-based pulp producer Fibrek Inc., giving it a majority of Fibrek shares, with approximately 50.1%.
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UPDATED: Mercer withdraws bid for Fibrek
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After three months of legal and boardroom wrangling, Mercer International has withdrawn its friendly offer for pulp producer Fibrek. Mercer’s offer expired April 27. It had been conditional 50.1% of the Fibrek shares being tendered, a...
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Mercer withdraws bid for Fibrek
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After three months of legal and boardroom wrangling, Mercer International has withdrawn its friendly offer for pulp producer Fibrek. Mercer’s offer expired April 27. It had been conditional 50.1% of the Fibrek shares being tendered, a...
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