Sep 18, 2007. Abitibi-Consolidated Inc. and Bowater Incorporated announced continued progress with the U.S. Department of Justice pertaining to their proposed combination.
Abitibi-Consolidated and Bowater provide merger update
Sep 18, 2007. /Lesprom Network/. Abitibi-Consolidated Inc. and Bowater Incorporated announced on September 18, 2007 continued progress with the U.S. Department of Justice (DOJ) pertaining to their proposed combination. The companies reaffirmed their expectation that DOJ approval will be obtained within the next few weeks. As a result of this timeline, the closing is now anticipated for early in the fourth quarter.
The combined company, AbitibiBowater, will produce a wide range of newsprint and commercial printing papers, market pulp and lumber products. It will be the eighth largest publicly traded pulp and paper manufacturer in the world. AbitibiBowater will own or operate 32 pulp and paper facilities and 35 wood product facilities located in the United States, Canada, the United Kingdom and South Korea. It will also be among the world's largest recyclers of newspapers and magazines, and will have more third-party certified sustainable forest land than any other company in the world.
