Interfor buys Pope & Talbot mills, sells one immediately 1 hour ago

“Now I know why they call it a stalking horse bid, because after it is put in, they will all be off at a gallop”

International Forest Products picked up three sawmills for $69 million from insolvent forest company Pope & Talbot Monday in a B.C. Supreme Court-approved sale. via Vancouver Sun

[Canada]

Steelworkers support Tembec recapitalization plan

Posted by roboblogger on Friday Jan 4 | Bookmark and Share

“As shareholders, both figuratively and literally, our members applaud this initiative in the current crisis that has been largely ignored by the BC, Ontario and federal governments”

United Steelworkers' Wood Council Chair Bob Matters has announced the union's support for Tembec Inc.'s proposed Recapitalization Plan, which the union says will position the company to weather the crisis ...

http://www.topix.net/ca/huntsville-on/2008/01...