Avenor (avr-tse) - Repap buyout (rpp-tse) Message Board

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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)

AVR 4.345

-0.8%

1:35 PM EST

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To: FundAce who wrote (199)	7/12/1997 1:27:00 PM
From: oki kwon	of 290

Dear Fundace, There was an article in WSJ 7-10-97. Ronald Sumner said "we believe that in the rising market,we'll be able to recapitalize". "There are number of sucessful one mill co., and we expect this to be one." It also said RPP has the option of repaying the debenture $130 mil by issuing common shares-- a potentially massive dilution for stockholders. I doubt they'll issue a stock with stock price this low. But this could be why price is down so much. REPAP can postpone maturity till Jan. 1998 if they can negotiate with holders. okk

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