NewPage Holding (NWP) Postpones IPO

July 21, 2006 7:56 AM EDT

NewPage Holding Corporation (NYSE: NWP) announced today the postponement of its initial public offering of common stock due to market conditions.

NewPage had planed to offer 20 million shares between $14-$16 per share.

NewPage Holding is the largest coated paper manufacturer in North America, based on production capacity. The company operates four integrated pulp and paper mills in Kentucky, Maine, Maryland and Michigan which, together with their distribution centers, are strategically located near attractive end-use markets, such as New York, Chicago and Atlanta.

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