Thursday, December 1, 2011

Fibrek Recats to Resolute (AbitibiBowater) Bid

Fibrek reviews take-over bid from Resolute
The Board of Directors fears that Resolute’s unsolicited offer undervalues Fibrek and its future prospects. “The consideration offered under the Resolute proposal does not capture Fibrek’s true value for its shareholders”, said Pierre Gabriel Côté, President and Chief Executive Officer of Fibrek.