Abitibi Shareholders Approve Merger.

The article reports on the shareholders' decision to approve the merger between Abitibi-Consolidated Inc. and Bowater Inc. in Montreal, Quebec. The combined company will be named AbitibiBowater Inc., which will create a wide range of newsprint, commercial papers, market pulp, and wood products. The merger is expected to create the biggest pulp and paper manufacturer worldwide. Both management believes the merger help improve their financial performances and increase future stability.