Abitibi-Consolidated (ABY) Shareholders Vote in Favor of Merger with Bowater (BOW)
Abitibi-Consolidated Inc. (NYSE: ABY) shareholders have voted in favor of the combination of Abitibi-Consolidated and Bowater Incorporated (NYSE: BOW). The vote on the plan of arrangement required to effect the combination occurred today at a Special Meeting of shareholders of Abitibi-Consolidated. Approximately 80% of the vote cast were voted in favor of the combination. In addition, no material amount of shares dissented from the transaction.
The combined company will be called AbitibiBowater Inc. AbitibiBowater will own or operate 32 pulp and paper facilities and 35 wood products facilities located in the United States, Canada, the United Kingdom and South Korea.
The combined company will be called AbitibiBowater Inc. AbitibiBowater will own or operate 32 pulp and paper facilities and 35 wood products facilities located in the United States, Canada, the United Kingdom and South Korea.
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