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Abitibi, Bowater Strike Deal
GREENVILLE, SC—Abitibi-Consolidated of Montreal and Bowater Inc., based here, have agreed to combine in an all-stock merger of equals. The new company will be called AbitibiBowater and will boast annual revenues of approximately (US)$7.9 billion. The deal makes AbitibiBowater—with a leading position among publication papers producers—the third largest publicly traded paper and forest products company in North America.
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