Market Overview

Resolute Updates Status and Extends its Offer for Fibrek to March 29

AbitibiBowater Inc., doing business as Resolute Forest Products (NYSE: ABH) today announced that the Qu bec Court of Appeal has accepted to hear the Company's appeal from the Court of Qu bec's decision reversing the cease trade order on Fibrek Inc.'s private placement of 32,320,000 special warrants to Mercer International Inc. (Nasdaq: MERC). The cease trade order was issued on February 23 in a decision of the Bureau de d cision et de r vision (Qu bec). The appeal will be heard in the week of March 19, 2012.

Resolute also announced that it has extended the expiry date for its offer to acquire all of the issued and outstanding common shares of Fibrek to March 29, 2012.

Posted-In: News M&A

 

Related Articles (MERC + ABH)

Around the Web, We're Loving...

Get Benzinga's Newsletters