Monday, March 30, 2009

AbitibiBowater update

2009-03-30

07:20:09

An announcements regarding AbitibiBowater's financial situation could come as Monday morning.

Last Friday's deadline passed without indication that the forestry company had been able to reach a restructuring deal with its creditors. AbitibiBowater officials have so far not commented, other to say Friday that negotiations were  continuing.