Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Tuesday, July 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

U.S. Wants To Stop $1.6 Billion Merger Of Newsprint Producers

WASHINGTON (CN) - The Department of Justice wants to stop the proposed $1.6 billion merger of the two largest newsprint producers in North America.

Theacting attorney general prompted a federal complaint to prevent Abitibi-Consolidated, a Canadian company, from merging with South Carolina-based Bowater Inc. to form AbitibiBowater. The government claims the merger "will create a newsprint producer three times larger than the next largest North American newsprint producer" with the ability and incentive to reduce competition and raise newsprint prices in the North American market.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...