Tuesday 30 January 2007
Newsprint - Canada - United States of America
By Erina Lin, Tuesday 30 January 2007 at 14:01 :: Printing & Production Systems
by Tatiana Repkova
Canada's Abitibi-Consolidated Inc. and Bowater Inc. of South Carolina said they will combine in an all-stock deal their CEOs say should create a more powerful global competitor despite a declining U.S. newsprint market. The combined company will be known as AbitibiBowater Inc. and is expected have annual revenues of about $7.9 billion and a market capitalization of about $2.4 billion.
