“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
© 2011 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The individual articles, tables and other contents published by EUWID are protected by copyright and are provided exclusively for the client's own use and the use of the client's employees. In the absence of a more extensive licence agreement, only one copy may be printed for circulation at a single business location designated by the client. Digital distribution of EUWID contents, especially by intranet or by e-mail, within a company, throughout a group of companies, or outside a company is not permitted and constitutes an infringement of copyright law. Read more in our FAQ.