Keeping an eye on Europe...
The PM40 closed 25 November 2011 at 1608.4.
The PM40 closed 25 November 2011, down 11.2% from the 26 November 2010 level.
In this issue we evaluate MOD-PAC Corporation and Sappi Limited.
Reported insider trading since the last issue of PaperMoney.
Glatfelter announced an amendment to its existing revolving credit agreement.
Rock-Tenn Company has amended its $3.7 billion credit agreement.
Stora Enso has signed an extension of its existing EUR 700 million credit facility.
Boise has completed its acquisition of the Hexacomb protective packaging business.
Clearwater Paper has completethe sale of its Lewiston sawmill, and related assets, to Idaho Forest Group.
Metso has purchased Fabco Inc.
Northern Pulp pursuing talks on acquiring NewPage Port Hawkesbury mill.
Resolute Forest Products to commence take-over bid to acquire Fibrek Inc.
Tembec closing transaction for its Toronto flooring plant assets.
Ahlstrom concludes profit improvement program.
Bowater Mersey puts 80 employees out of work.
Fortress Paper has commenced the start-up phase at its Fortress specialty cellulose mill.
Holmen Paper plans to reduce the workforce at the Braviken paper mill.
Bhrikuti Paper and Pulp Limited is being shut down permanently.
Norske Skog Follum to close down production.
Södra imposes market shutdown at three pulp mills.
White Birch Paper Company will idle its Stadacona newsprint mill.
It is going to be a wild ride.