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Smurfit-Stone completes restructuring


August 1, 2010
By Pulp & Paper Canada

CREVE COEUR, MO., and Chicago — Smurfit-Stone Container Corporation has successfully completed its financial restructuring and has officially emerged from Chapter 11 as a reorganized, publicly traded…

CREVE COEUR, MO., and Chicago — Smurfit-Stone Container Corporation has successfully completed its financial restructuring and has officially emerged from Chapter 11 as a reorganized, publicly traded company.

In accordance with the terms of the reorganization plan, Smurfit-Stone’s previous common stock and preferred stock have been cancelled. However, the plan provides that a percentage of the new Smurfit-Stone common stock pool will be distributed to previous stockholders.

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