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

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

AVR 4.010

-4.8%

3:59 PM EST

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To: PeterB who wrote (60)	2/14/1997 10:34:00 AM
From: PeterB	of 290

Abitibi and Stone in merger talks. Maybe this will sway a few votes. Press release follows ABITIBI-PRICE INC.; STONE-CONSOLIDATED CORP. TORONTO/MONTREAL, Feb. 14 /CNW/ - Abitibi-Price and Stone-Consolidated announced today that they are in discussions concerning a merger of the two companies. There is no assurance that a deal will be reached. Abitibi-Price Inc., a Canadian-based forest products company, manufactures publication papers at ten mills in North America and markets these products to customers around the world. The company is also a major distributor of office products in North America and Western Europe. Stone-Consolidated Corp. is a publicly-traded company and a leading supplier of publication papers. It also has wood harvesting and sawmill operations. Stone-Consolidated has production facilities in Canada, the United States and the United Kingdom, with sales offices in Montreal, Greenwich (Connecticut), Chicago, Dallas, Scottsdale (Arizona), London and Brussels and a worldwide network of representative agents. Abitibi-Price Inc. trades in Montreal, Toronto and Vancouver under the symbol A and on the New York Stock Exchange as ABY. Stone-Consolidated Corp. trades in Montreal and Toronto under the symbol SO. -30-

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