Swift Consolidation Sweeps Paper Industry

As for possible closures as part of the deal, Weaver said that he does not foresee the sale or closure of any of Donohue’s fixed assets, but that there may be some mill or machine closures at Abitibi’s operations.

In the St. Laurent deal, shareholders will receive $12.50 plus one-half share of Smurfit-Stone common stock for each share of St. Laurent, while Smurfit-Stone assumes $386 million in St. Laurent debt.