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aderfp633 · Inscrit le: 27 Sep 2011 Messages: 7915 Localisation: England

{Fortress Paper stock spikes on $213m mill sale}
Fortress PaperBy Jenny WaglerWed Mar 13,[url=http://www.moncler-sale.org]moncler sale[/url], 2013 10:00am PSTVancouver-based Fortress Paper Ltd.’s stock price shot up more than 22% this morning, following the company’s announcement of a deal to sell its Dresden mill for $213 million.Under the share-purchase deal,[url=http://www.moncler-sale.org]moncler down jackets[/url],[url=http://www.moncler-sale.org]moncler on sale[/url], Fortress will sell its wholly owned subsidiary,[url=http://www.moncler-sale.org]moncler outlet[/url], Dresden Papier GmbH,[url=http://www.moncler-sale.org]discount moncler jackets[/url], to Glatfelter Gernsbach GmbH & Co. KG for €160 million ($213 million), subject to working capital adjustment.The deal is expected to close in 2013’s second quarter and no later than June 30, 2013.Fortress president and CEO Chadwick Wasilenkoff welcomed the deal.“The sale of the Dresden mill is an important step for Fortress Paper becoming a more focused global leader in the dissolving pulp industry,[url=http://www.moncler-sale.org]moncler sale[/url],” he said. “The transaction was part of our strategic plan to achieve significant liquidity to enhance future growth opportunities.”As of press time,[url=http://www.moncler-sale.org]moncler outlet[/url], Fortress’ stock had shot up more than 22% to $10.84; however,[url=http://www.moncler-sale.org]discount moncler jackets[/url], it remained far below its 52-week high of $30.42.jwagler@biv.com@jennywaglerTags: stocks, Germany,[url=http://www.moncler-sale.org]moncler down jackets[/url],[url=http://www.moncler-sale.org]moncler on sale[/url], Fortress Paper Ltd.
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