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 […]
Corporate shell game
Northern Pulp seeks protection from creditors in a BC court — and its largest creditor is its owner, Paper Excellence
Northern Pulp — the mill in Pictou County — has gone into hibernation. And Northern Pulp — the company — is “insolvent.” It is one of seven related companies petitioning for creditor protection in the British Columbia Supreme Court, while it seeks “a plan of compromise or arrangement.” The petitioners seeking relief from debt payments, […]