BOND prices, PAPER industry, PAPER industry & the environment, CHEMICAL industry & the environment, CHEMICAL industry, FINANCIAL performance, BANKRUPTCY, CREDIT ratings
Abstract
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Burdened by both debt and rapidly falling demand for its products, AbitibiBowater, the world's largest newsprint maker, filed for bankruptcy protection on Thursday. The company is the product of several pulp and paper company takeovers and mergers. Those transactions left it controlling about 45 percent of the North American newsprint market but also struggling to refinance much of the $8.78 billion in debt it took on. [ABSTRACT FROM PUBLISHER]
Published
2009
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