Tuesday, July 24, 2007

UPDATE 1-Canada will not challenge Abitibi-Bowater merger

(Reuters) - The bureau said there was insufficient grounds to conclude
the merger of the Canadian and U.S. forestry firms would reduce
competition in markets including newsprint, groundwood papers,
wood chips and softer lumber.




The firms announced plans in January to create North
America's largest newsprint maker. The combination billed as a
merger of equals would see Bowater shareholders with 52 percent
of the new company and no premium paid to Abitibi.


Read more at Reuters.com Government Filings News

No comments: