AbitibiBowater, Inc. (fka ABWTQ)

[ergodoc]

"Their dismay arising from the loss of their investments is real, but without probative evidence to rebut the Debtors' valuation evidence, this record provides no rational basis to conclude that the Debtors' valuation is so flawed that it fails to account for more than $5 billion dollars of value."

"Because the Plan does not contemplate substantive consolidation of the Debtors, Blackstone also prepared (i) a projected range of recovery for unsecured creditors of each Debtor, and (ii) the Legal Entity Creditor Recovery Summaries, attached as Ex. F to the Disclosure Statement, to detail projected recoveries under the Plan for unsecured creditors of each Debtor. The Debtors have demonstrated that the Plan provides substantially greater recoveries to holders of Claims than a hypothetical liquidation under chapter 7, the CCAA or the BIA. (Id.)."

"This record amply supports a finding that the Plan was negotiated
and proposed in good faith."

H