From Earlier: Resolute Increases Ownership of Fibrek to 53.8%
AbitibiBowater Inc., doing business as Resolute Forest Products (NYSE: ABH) (TSX: ABH), yesterday announced that it has taken up and accepted for payment 4,893,197 additional shares of Fibrek Inc. deposited to its offer as of the close of business today.
Together with the shares the Company acquired up to and including May 2, Resolute now holds approximately 53.8% of the currently outstanding shares. As aggregate consideration for the shares taken up today, Resolute will distribute approximately 139,000 newly-issued shares of its common stock and CAD$2.7 million in cash through RFP Acquisition Inc., a wholly-owned subsidiary.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.