“We have concerns with Abitibi’s unsolicited insider bid, which does not provide our shareholders with the benefit of a formal valuation by an independent valuator,” stated Hubert T. Lacroix, Chairman of the Board of Fibrek. Consequently, in response to the bid, Fibrek’s Board of Directors has sought an opinion as to the fairness of the bid from a financial advisor, has unanimously rejected the bid, adopted a shareholder rights plan and undertook a review of strategic alternatives.
Fibrek’s BOD rejects takover bid by Resolute Forest Products
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