Abitibi-Consolidated announced that the respective waiting periods under each of the Hart-Scott- Rodino Antitrust Improvements Act and the Competition Act in connection with its previously announced tender offers for all of the outstanding shares of Donohue have expired.
Accordingly, assuming all other conditions are satisfied, including those related to Canadian regulatory review, Abitibi-Consolidated will be in a position to take up and pay for the shares of Donohue on April 18, 2000.
Once the transaction is complete, the new Abitibi-Consolidated will have ownership interests in 29 paper mills in Canada, the U.S., the U.K. and Asia (including its one-third interest in the Pan Asia Paper Company) and in 24 sawmills and a market pulp mill. A-C will market 6.3 million metric tons of newsprint, 1.8 million tons of value-added papers, 444,000 metric tons of high-quality market pulp, and 2.2 billion board feet of lumber.
Explore the April 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Summa Equity acquires majority stake of Bollegraaf
- PTR adds new inside sales account manager
- Cascade Engineering distributes free carts in Flint, Michigan
- CMRA selects venue for nonferrous recycling event
- Biffa adds C&D recycling firm to its portfolio
- Cliffs lines up funding for Canadian acquisition
- BIR joins plastics life cycle effort
- Black mass analysis in the sights of equipment maker
