Consolidated Paper
Industries Group Ltd. and Independent Paper Group are opposing PaperlinX Ltd.'s
about $270 million bid for Spicers Paper Ltd.
The two companies
claim the acquisition would reduce competition in the Australian paper
industry, with PaperlinX controlling up to 73 percent of the total market.
Melbourne-based PaperlinX last month said it would buy the 58 percent of
Spicers that it doesn’t already own, as well as assume Spicers debt.
Explore the December 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- US Steel to restart Illinois blast furnace
- AISI, Aluminum Association cite USMCA triangular trading concerns
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
