Abo Merger with Catylst Paper?
Wonder who paid for thi1s article to be written on Forest Talk?
Maybe the same guys who are trying to diffuse the conversation about a possible Merger with Tembec?
Irene looks like it will side-swipe US eastern seaboard? Maybe some ST lumber demand.
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Could Catalyst Paper merge with AbitibiBowater?
August 23rd, 2011 | Posted in Misc. 1| 3 comments »
Catalyst Paper is seeking to merge with another company, and AbitibiBowater may be the most likely possibility.
That is the topic of Gordon Hamilton‘s analysis of Catalyst Paper in The Vancouver Sun yesterday.
Richard Garneau is an obvious connection between the two companies. Now the president of AbitibiBowater, Garneau is the former president of Catalyst Paper. He was worked at forest company Donohue before Abitibi bought it in 2000.
When Kevin Clarke took over as the CEO of Catalyst Paper last year, he said in an interview that positioning the company for a 1friendly takeover was one of his key objectives.
Catalyst Paper has a excellent fibre sources in British Columbia and is geographically positioned as the largest newsprint producer in western North America, but it has struggled with its debt load that now outweighs the estimated $40 million value of the company’s equity.
Read about Catalyst Paper’s options 72111510275000
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