Thursday, July 26, 2007

UPDATE 2-Abitibi, Bowater shareholders OK takeover deal

(Reuters) - "This deal brings us both together and moves us to the next
plateau by generating efficiencies in terms of synergies,
improved financial and operating profiles for both companies
and a better asset and product mix for our customers," said
Abitibi President John Weaver at a press conference.




The companies said the deal will generate $250 million in
savings.


Read more at Reuters.com Mergers News

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