Catalyst Paper Receives Stalking Horse Bid for Mill
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The bid by the Stalking Horse is subject to higher and better offers obtained through the U.S. court-approved sale and investor solicitation procedures. Catalyst Paper expects to receive binding bids for the assets from qualified bidders on Dec. 7 and expects to hold an auction among qualified bidders on Dec. 17 in New York City. A hearing in the U.S. court is scheduled for Dec. 19 to consider approval of the sale.
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