Wednesday, May 23, 2012

Resolute Seeks Repurchase of 10% of Shares

Resolute Forest Products wants to repurchase shares:
AbitibiBowater Inc., doing business as Resolute Forest Products, has announced that its Board of Directors has authorized the repurchase of up to 10% of the company’s common stock for an aggregate purchase price of up to US$100 million. The repurchase program will be funded using the company’s available cash.