Replies to post #23910 on AbitibiBowater, Inc. (fka ABWTQ)

[emailjanum]

'AbitibiBowater defended the guarantee, saying it preserved cost savings and other benefits of merging the companies. Allowing the Abitibi side to file for bankruptcy would have cost Bowater about $200 million a year, the company said in court papers.'

They never needed to file Bankruptcy for the whole company and wipe out shareholders completely.