AbitibiBowater Looks To Better-Deal $500M Plan

Law360, New York (June 23, 2010, 2:35 PM EDT) -- A bankruptcy judge has given the green light to AbitibiBowater Inc., the largest newsprint company in North America, to conduct an auction Thursday for bids that could top the company's current plan to get $500 million in backstopped debt financing.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware set the auction to take place Thursday morning at the offices of Paul Weiss Rifkind Wharton & Garrison LLP, which represents the company, and set a hearing date for approval of a...
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