Smurfit-Stone Weighs Bankruptcy Amid Drop In Sales
Citing unnamed sources, the Wall Street Journal reported Thursday that the company has hired the law firm Sidley Austin LLP and financial adviser Lazard Ltd. to help it secure about $750 million in debtor-in-possession financing.
Smurfit-Stone could file for Chapter 11 within two weeks, after it secures the financing, the Wall Street Journal reported.
The company, which is headquartered in...
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