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Third Avenue extends Catalyst offer

Catalyst Paper has officially announced its recognition of Third Avenue Management’s extension of its offer for up …

Catalyst Paper has officially announced its recognition of Third Avenue Management’s extension of its offer for up to 39 million shares of the company to October 20.

Shareholders interested in accepting the offer now have another month to tender shares.

Catalyst Paper initially recommended shareholders reject the offer for a variety of reasons.

President and CEO Russell Horner earlier referred to Third Avenue Management’s offer as “troubling” in terms of its lack of clarity.