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AbitibiConsolidated News

News on AbitibiConsolidated continually updated from thousands of sources around the net.

Saturday May 10 | The Toronto Star

AbitibiBowater loses $248M

MONTREALAbitibiBowater Inc. lost $248 million in the first quarter on sales of $1.7 billion. via The Toronto Star

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Related Topix: Paper, Industrial Machines

Thursday May 8 | Net News Ledger

'Important progress was achieved...' AbitibiBowater

"Important progress was achieved during the first full quarter of AbitibiBowater," states AbitibiBowater President and CEO David J. Paterson. via Net News Ledger

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Related Topix: Bowater, Paper, Construction, Industrial Machines

Friday Apr 18 | Paper Age

Pierre C t Named Chief Executive of SFK Pulp

SFK Pulp Fund announced today the appointment of Pierre Gabriel Cote to the position of president and CEO of SFK Pulp, effective July 21, 2008. via Paper Age

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Related Topix: Industrial Machines, Paper, Fairmont, WV, Canada

Apr 15, 2008 | Canada NewsWire

AbitibiBowater Announces Appointments to Board of Directors

“On behalf of the Board of Directors and senior management, I would like to welcome them to our organization. We look forward to benefiting from their experience and expertise.”

ABH US$ MONTREAL, April 15 /CNW Telbec/ - AbitibiBowater Inc. today announced the appointments of Anthony F. Griffiths and Paul Rivett to serve on its Board of Directors. via Canada NewsWire

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Related Topix: Paper, Industrial Machines, Insurance, Fairfax Financial Holdings

Apr 4, 2008 | The Globe and Mail

DBRS downgrades AbitibiBowater ratings

“In addition, the companies face the additional risks of potential labour disruptions, higher than expected cost increases associated with energy and energy related cost inputs and refinancing challenges in 2009.”

Debt rating agency DBRS downgraded its ratings for the companies that make up AbitibiBowater Inc. via The Globe and Mail

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Related Topix: Paper, Industrial Machines

Apr 1, 2008 | Earth Times

AbitibiBowater announces successful completion of refinancing transactions

“We took a comprehensive approach to the task, having developed a refinancing plan that went beyond our immediate maturities. We are pleased to have this project behind us and look forward with optimism to the future.”

ABH US$ MONTREAL, April 1 /PRNewswire-FirstCall/ -- AbitibiBowater Inc. announced today that it has successfully completed a series of previously announced financing transactions designed to address upcoming ... via Earth Times

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Related Topix: Mortgage, Personal Finance, Snowflake, AZ, Industrial Machines, Paper

Mar 28, 2008 | Bloomberg.com

AbitibiBowater Says Most Holders of $496 Million of Debt Accept Exchange

AbitibiBowater Inc. , the newsprint maker trying to refinance $1.4 billion of debt, said most investors holding $496 million of notes maturing in the next 17 months agreed to exchange them for cash and new ... via Bloomberg.com

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Related Topix: Paper, Greenville Metro, Greenville, SC, Industrial Machines

Mar 24, 2008 | Earth Times

AbitibiBowater announces agreement for private placement of US$350 million

AbitibiBowater Inc. announced today that it has entered into a definitive agreement with Fairfax Financial Holdings Limited for an investment by Fairfax and its designated subsidiaries in AbitibiBowater of ... via Earth Times

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Related Topix: Industrial Machines, Paper, Consolidated Edison, Restaurant Management, Consolidated Products, Energy, Insurance, Fairfax Financial Holdings

Mar 18, 2008 | Market Watch

Moody's lowers AbitibiBowater ratings on liquidity crunch

Moody's Investors Service on Tuesday downgraded the ratings of AbitibiBowater Inc.'s subsidiaries Abitibi-Consolidated Inc. via Market Watch

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Related Topix: Paper, Industrial Machines, Bowater, Construction

Mar 11, 2008 | Editor & Publisher

Fitch Sees Abitibi-Consolidated Defaulting On Some Debt

“Given the highly discounted market value of ACI's debt, it is unlikely that the value of the offered package equals the par value of the existing notes, resulting in a loss for bondholders that is tantamount to a partial default”

CHICAGO Fitch Ratings Tuesday downgraded Abitibi-Consolidated Inc. to its second-lowest junk bond rating, on concerns the newsprint producer will default on some debt coming due soon. via Editor & Publisher

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Related Topix: Paper, Industrial Machines

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