Home | Business News | Browse by Publication | P | PR Newswire

Abitibi-Consolidated Inc., Abitibi-Consolidated Company of Canada and Abitibi-Consolidated Finance L.P. Commence a Tender Offer for Certain Outstanding Notes.

Publication: PR Newswire
Publication Date: 17-NOV-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
A (TSX) ABY (NYSE)

MONTREAL, Nov. 17 /PRNewswire-FirstCall/ -- Abitibi-Consolidated Inc. (TSX:A; NYSE: ABY) today announced that it, and its subsidiaries, Abitibi- Consolidated Company of Canada and Abitibi-Consolidated Finance L.P. (collectively, "Abitibi"), have commenced a cash tender offer for certain series of their outstanding notes listed in the table below (collectively, the "Notes"). The tender offer will expire at 12:00 Midnight, New York City time, on December 15, 2005, unless extended or earlier terminated (the "Expiration Time").

Under the terms of the Offer to Purchase dated as of today, Abitibi is offering to purchase up to a portion of the outstanding aggregate principal amount (the "Principal Purchase Amount") of each series of Notes, subject to certain conditions described below, in each case for total consideration consisting of a purchase price based on the yield to maturity of a specified U.S. Treasury reference security plus a...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from PR Newswire
Southern California Monte Jade Association Workshop on November 19th, ..., November 17, 2005
Broadcom Names Maureen E. Grzelakowski to Its Board of Directors., November 17, 2005
PROFNET WIRE: HEALTH & MEDICINE: Organic Food Laws., November 17, 2005
Alico Announces New Stock Repurchase Program., November 17, 2005
SEACOR Announces Increase in Securities Repurchase Authority., November 17, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.