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Re: utmostbastard post# 23973

Monday, 11/22/2010 8:34:59 PM

Monday, November 22, 2010 8:34:59 PM

Post# of 24889
The ABH need not file bankruptcy for Bowater side, but they did that to wipe out shareholders and that is fundamentally unfair and unjust. (Blackstone examined the potential impact of an Abitibi Bankruptcy on Bowater's shares of the company synergies. Mr. Zelin opined that, under a worst case scenario, an Abitibi/Bowater split would unwind all of the benefit of the merger (Tr. 10/7/10 at 96-Zelin) The Company's Form 10K for 2008 showed that the merged Company had achieved the goal of $375 million in annualized synergies on year ahead of managements' projections (EX. D-13. Tr. 9/24/10 at 68 Harvey)

'Courts of bankruptcy are essentially courts of equity, and their proceedings inherently are proceedings in equity.'

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