Quebec pulp producer Fibrek is urging its shareholders to reject a hostile takeover bid from Resolute Forest Products. Resolute is offering 130-million dollars for the company that has pulp mills in Quebec, West Virginia and Michigan. In a letter to shareholders, Fibrek says the bid deprives them of the opportunity to participate in the upside of the pulp business and other earnings streams.
Wednesday, January 4, 2012
Resolute Forest Products
Quebec pulp producer Fibrek is urging its shareholders to reject a hostile takeover bid from Resolute Forest Products. Resolute is offering 130-million dollars for the company that has pulp mills in Quebec, West Virginia and Michigan. In a letter to shareholders, Fibrek says the bid deprives them of the opportunity to participate in the upside of the pulp business and other earnings streams.