Packaging Maker Smurfit-Stone Files For Ch. 11
In its filing in the U.S. Bankruptcy Court for the District of Delaware, Smurfit-Stone listed assets of $7.45 billion and debts of $5.58 billion.
“The recent downturn in the global economy has resulted in an unprecedented decline in demand for the company's products, leading to increased inventory levels and downward pressure on the company's operating...
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