Pulp and Paper Canada

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Catalyst calls it off


July 10, 2007
By Pulp & Paper Canada

Adverse market conditions prompted Catalyst Paper to withdraw its proposed $200 million private placement, thestar….

Adverse market conditions prompted Catalyst Paper to withdraw its proposed $200 million private placement, thestar.com has reported.

One week after announcing the offering, and a claim that proceeds were for general corporate purposes which may include acquisitions and investments to support our continued growth, the company called off the senior note offering.

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Speculation about buying up divestitures from the AbibitiBowater merger circulated in the aftermath of the initial announcement.


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