Latest Great Lakes Paper Stories
The Toronto Stock Exchange halted trading Thursday on paper giant AbitibiBowater Inc. after the company filed for Chapter 11 bankruptcy protection in Delaware. The company, which has headquarters in Montreal, is grappling with $4.7 billion in debt in its Canadian Abitibi and U.S. Bowater divisions.
US$ ABH (NYSE, TSX) MONTREAL, March 2 /PRNewswire-FirstCall/ - AbitibiBowater Inc.
US$ ABH (NYSE, TSX) - Curtails Paper Production Capacity by 1 Million Metric Tons - Projects $375 Million in Annualized Synergies in 2008, One Year Ahead of Plan - Initiates a Further 20% Reduction in SG&A Costs in 2009 MONTREAL, Dec.