Tuesday, February 14, 2012

Resolute Forest Products

Resolute Forest Products, formerly known as AbitibiBowater, is giving more time for Fibrek to consider its hostile offer for Canadian pulp producer.

It has extend today's deadline to February 23, setting up a potential bidding war with Mercer International who is also interested in Firbrek.

Resolute's offer of 130-million dollars is about 30 per cent lower than Mercer's bid.