At the end of this month, Northern Pulp and six of its affiliates will be back in the British Columbia Supreme Court, and odds are they will ask for and get yet another extension — the seventh to date — of the creditor relief they’ve been afforded under the federal Companies Creditor Arrangement Act. Northern […]
Paper Excellence’s very big deal
Northern Pulp’s parent company is set to acquire the North American pulp and paper giant Domtar. While the acquisition is getting very little media attention in Canada, around the world many people are worried about it — for many good reasons.
It is a Very Big Deal. At 10am on Thursday, July 29, at a special virtual meeting, shareholders of Domtar, a giant in the North American pulp and paper industry, will vote on whether to accept the sale of all the corporation’s issued and outstanding shares of common stock to Paper Excellence for US$55.50 per […]