Resolute Forest Products

News January 4, 2012 8:53 am Last Updated on July 4, 2025 2:20 pm

Quebec pulp producer Fibrek is urging its shareholders to reject a hostile takeover bid from Resolute Forest Products. Resolute is offering 130-million dollars for the company that has pulp mills in Quebec, West Virginia and Michigan. In a letter to shareholders, Fibrek says the bid deprives them of the opportunity to participate in the upside of the pulp business and other earnings streams.