Resolute Forest Products Extends Offer for Fibrek
Feb. 13, 2012 - AbitibiBowater Inc., doing business as Resolute Forest Products today announced that it has extended to February 23 the expiry date for its offer to acquire all the issued and outstanding common shares of Fibrek Inc.
The offer will expire at 5:00 p.m. (Eastern Standard Time) on February 23, 2012, unless it is extended or withdrawn by Resolute.
Resolute said that it continues to work diligently with a view to obtaining all required approvals from the Canadian regulatory authorities.
According to Resolute, as of the close of business on February 10, approximately 66 million common shares of Fibrek had been deposited to the offer, representing approximately 52% of the outstanding common shares.
Resolute said that it will evaluate all available options concerning the competing offer made by Mercer International for Fibrek on February 10 (see link below).
SOURCE: Resolute Forest Products
See related story:
- Mercer International Tops Resolute's Take-over Bid for Fibrek (2/10/12)