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

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

AVR 4.310

-1.6%

Nov 4 3:59 PM EST

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To: oki kwon who wrote (227)	7/28/1997 7:17:00 PM
From: tk	of 290

Todays news release said that debt will be reduced by $510 million providing that shareholders approve Repap Wisconsin sale. There is still over $1 Billion of debt remaining. I think it would be better to walk away from Repap New Brunswick and keep Wisconsin. New Brunswick debt is higher than its asset value. Wisonsin would have broke even if it were not for the receivable from Repap B.C. Lets hope our new controlling shareholder dumps Petty.

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