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Monday, 16 January 2012 11:00
Stora Enso shares converted
During the 1–31 December 2011 conversion period there was one conversion and a total of 1 000 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 16 January 2012, and trading in…
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Wednesday, 11 January 2012 11:00
KapStone Records $63.6 Million Tax Benefit
KapStone Paper and Packaging Corporation (NYSE: KS) ("KapStone") announced that the Internal Revenue Service ("IRS") has notified the company that the Joint Committee on Taxation approved KapStone's 2007-2009 examination reports as filed. As a result of the finalization of the…
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Tuesday, 10 January 2012 14:00
Buckeye Technologies Second Quarter 2012 Earnings Results Schedule
Buckeye Technologies Inc. has scheduled a conference call for Wednesday, January 25, 2012 at 10:00 a.m. Central (11:00 Eastern) to discuss second quarter 2012 results. All interested parties are invited to listen to the call live or tape delayed via the website www.streetevents.com or via the…
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Tuesday, 10 January 2012 12:00
International Paper Fourth-Quarter / Full-Year 2011 Earnings
International Paper will release fourth-quarter and full-year 2011 earnings on Thursday, Feb. 2, before the opening of the New York Stock Exchange. The company will host a webcast to discuss earnings and current market conditions at 9 a.m. ET (8…
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Thursday, 05 January 2012 15:00
Catalyst Paper defers interest payment
Catalyst Paper Corporation in mid-December deferred a US$21-million interest payment and announced it is reviewing alternatives to address its capital structure. Debt reduction has been identified as a priority and discussions are ongoing with certain holders of its 2016 Notes…
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Friday, 30 December 2011 11:21
Gardner Denver Announces New Independent Auditor
Gardner Denver, Inc has announced that the Company's Audit and Finance Committee of the Board of Directors (the "Audit Committee") has appointed Ernst & Young LLP ("E&Y") as Gardner Denver's new independent registered public accounting firm for the fiscal year…
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Friday, 30 December 2011 10:17
Disposal of Spicers completed
Further to our previous announcements in July and September 2011 regarding the disposal of Spicers to Unipapel SA, DS Smith Plc is pleased to confirm that this transaction has now completed. The enterprise value for Spicers is £200 million, and…
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Wednesday, 28 December 2011 18:56
Verso Addresses NYSE Listing Standard
Verso Paper Corp. has announced that the New York Stock Exchange has notified the company that it has fallen below the NYSE's continued listing standard relating to market capitalization. The NYSE requires that Verso's average market capitalization over a consecutive 30 trading-day period be at…
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Thursday, 22 December 2011 15:00
M-real has concluded the statutory negotiations at the Äänekoski mill
M-real Corporation, part of Metsäliitto Group, has concluded the statutory negotiations at the Äänekoski mill. In order to improve the profitability of its coated paper business M-real started on 9 November 2011 statutory negotiations concerning the potential closure of the…
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Thursday, 22 December 2011 10:00
Stora Enso signs EUR 150 million loan agreement
Stora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 150 million loan to be used for the new container board machine investment project at Ostrołęka Mill in Poland. The loan matures in 2023. “Our…
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Friday, 16 December 2011 14:00
Domtar announces an increase to its share buyback program to one billion dollars
Domtar Corporation has announced that its Board of Directors authorized an increase to its share buyback program of $400 million. The original program announced on May 5, 2010 now has an aggregate authorization of $1 billion. The Company has previously repurchased approximately 6.6 million…
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Friday, 16 December 2011 09:52
Weaker lumber markets causing global sawlog prices to fall
Weaker lumber markets are causing global sawlog prices to fall for first time since early 2009, reports the Wood Resource Quarterly Slowing lumber markets throughout the world have resulted in declining sawlog prices in many of the major lumber-producing regions…
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Tuesday, 13 December 2011 01:15
Vacon reduces its guidance for 2011
Vacon reduces its guidance for 2011 and now estimates that revenues in 2011 will increase by 10-15% and the operating profit margin will be about 6-7%. Earnings per share are expected to decline from 2010. Previously Vacon estimated that revenues…
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Friday, 09 December 2011 12:30
AkzoNobel announces new bond
AkzoNobel announces new bond and launches tender offer to improve the company’s debt maturity profile AkzoNobel announced today that the company intends to issue a €800m euro bond with a seven year maturity, at a coupon of 4%. The announcement…
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Friday, 09 December 2011 11:30
Ecolab Completes Bond Financing
Ecolab Inc. has announced it has completed its public offering of $3.75 billion aggregate principal amount of senior notes. The senior unsecured notes include: $500 million of 2.375% notes due 2014 $1.25 billion of 3.0% notes due 2016 $1.25 billion…
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