2009-03-27
07:17:55
A published report suggests AbitibiBowater is making progress on its ability to have a debt restructuring plan accepted by U-S banks. The forest company was given another extension until 400 p-m CST today to come to an agreement.
The New York times reports Citibank, one of the banks that balked at the original plan, may be prepared to accept the company latest offering.
