Monday, July 16, 2007

Third Avenue to vote against Abitibi-Bowater deal

(Reuters) - TORONTO, July 16 - Investment firm Third Avenue Management LLC, the largest shareholder of Abitibi-Consolidated Inc. , said on Monday it plans to vote against the Canadian paper company's proposed merger with Bowater Inc. at a special shareholder meeting on July 26.



Third Avenue, founded by prominent investor Martin Whitman, said it is not seeking, and will not accept, the proxies of other Abitibi shareholders.


Read more at Reuters.com Mergers News

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