Thursday, May 06, 2010
AbibitiBowater to Reorganize
AbitibiBowater filed a plan to reorganize in an effort to emerge from bankruptcy. The plan will be filed in both USA and Canadian courts. The company’s common stock will be canceled and holders will not receive any recovery. The unsecured creditors would receive a pro rata share of equity in the reorganized company. The plan is subject to approval.
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2 comments:
You have a nice blog
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