Consolidated Paper
Industries Group Ltd. and Independent Paper Group are opposing PaperlinX Ltd.'s
about $270 million bid for Spicers Paper Ltd.
The two companies
claim the acquisition would reduce competition in the Australian paper
industry, with PaperlinX controlling up to 73 percent of the total market.
Melbourne-based PaperlinX last month said it would buy the 58 percent of
Spicers that it doesn’t already own, as well as assume Spicers debt.
Explore the December 2000 Issue
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