Equity Committee Bid Nixed In AbitibiBowater Ch. 11
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware denied the shareholder motion Friday, sustaining objections filed by the bankrupt newsprint producer and its official committee of unsecured creditors.
The shareholder group in question, which owns about 27 percent of AbitibiBowater's stock, requested...
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