Steelhead will refrain from tendering Fibrek shares to AbitibiBowater:
Following the announcement made on March 31, 2012 by Steelhead Partners, LLC and its affiliates, Fibrek Inc. understands that Steelhead, the second largest shareholder of AbitibiBowater, intends not to tender any of its Fibrek shares to the unsolicited insider bid made by AbitibiBowater Inc. (doing business as Resolute Forest Products) until the minimum tender condition contained in the Abitibi bid has been met.
