Bankrupt Print Co. White Birch Goes On Sale Tuesday

Law360, New York (September 20, 2010, 4:31 PM EDT) -- Bankrupt Canadian newsprint maker White Birch Paper Co. said Monday that it has received multiple takeover bids and will be sold at auction Tuesday.

White Birch and its American subsidiary Bear Island Paper Co. LLC, together the second-largest newsprint maker in North America, said Monday they will seek court approval of the winning bid in Canada on Sept. 24 and in the U.S. on Sept. 30.

On Feb. 24, White Birch became the second major newsprint maker to file for court protection from its creditors in...
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