Blaming Internet, Newsprint Co. Files For Ch. 11
The Montreal-based company and 31 of its affiliates petitioned the U.S. Bankruptcy Court for the District of Delaware, with a plan to file in Canada on Friday.
“The company has concluded that there are no viable alternatives to its previously announced proposed refinancing of its Bowater and Abitibi-Consolidated subsidiaries, and as a result has determined that the best course...
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