MONTREAL, March 27, 2012 /CNW Telbec/ - AbitibiBowater Inc., doing
business as Resolute Forest Products (NYSE: ABH) (TSX: ABH), today
announced that the Québec Court of Appeal has reinstated the cease
trade order on Fibrek Inc.'s (TSX: FBK) private placement of 32,320,000
special warrants to Mercer International Inc. (Nasdaq: MERC) (TSX:
MRI.U), an order issued by the Bureau de décision et de révision (Québec) on February 23. The Court of Appeal's decision reverses the
March 16 decision of the Court of Québec. The Bureau is the administrative tribunal with statutory jurisdiction in
securities law and regulatory matters in Québec.
The offer to acquire all of the issued and outstanding shares of Fibrek
made by Resolute, together with RFP Acquisition Inc., a wholly-owned
subsidiary, is more fully described in the offer circular and other
ancillary documentation that Resolute filed on December 15, 2011, on
the "SEDAR" website maintained by the Canadian Securities
Administrators, as varied and extended. The offer will expire at 5:00 p.m. (Eastern Time) on April 2, 2012,
unless it is extended or withdrawn by Resolute.
Questions and requests for assistance or further information on how to
tender Fibrek common shares to the offer should be directed to, and
copies of the above referenced documents may be obtained by contacting,
Georgeson at 1-866-598-0048 or by email at firstname.lastname@example.org.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of any
vote or approval. Resolute has filed with the SEC a registration
statement on Form S-4, as amended, in connection with the proposed
transaction with Fibrek. INVESTORS AND SECURITY HOLDERS OF RESOLUTE AND FIBREK ARE URGED TO READ
THESE DOCUMENTS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND
ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC
CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Such documents are available free of charge through the
web site maintained by the SEC at www.sec.gov, by calling the SEC at telephone number 800-SEC-0330, on SEDAR at www.sedar.com or on Resolute's website at www.resolutefp.com.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products
industry with a diverse range of products, including newsprint,
commercial printing papers, market pulp and wood products.