Friday, March 27, 2009

AbitibiBowater Shares Up

2009-03-27

12:35:34

Shares of AbitibiBowater rose today as the newsprint maker continues to seek a debt restructuring plan with its debt holders.

A deadline to reach a deal was moved to Friday at 4:00 pm CST, but reports suggest the discussions were making progress. At the noon hour trading, shares prices for AbitibiBowater were up 22 per cent from the previous day's market close.