Urges Stockholders to Vote FOR the Board’s Nominees on the WHITE Proxy Card Today
Fraser Papers Inc. (“Fraser Papers” or the “Company”) (TSX:FPS) announced today that it, together with its subsidiaries, has initiated a court-supervised restructuring under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) in the Ontario Superior Court of Justice and that they will be seeking similar relief later today pursuant to Chapter 15 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
Quebecor Media Inc. announced today the creation of the Quebecor Media Network, a new flyer printing and distributing division.
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The Reader’s Digest Association, Inc. has named Amy J. Radin as Senior Vice President and Chief Marketing Officer, with responsibility to help drive growth by aligning all aspects of RDA’s global marketing — including digital, research and customer care — to accelerate the company’s vision to create the world’s largest multi-platform communities based around branded content.
Sealed Air Corporation (NYSE:SEE) announced today that it has successfully completed its previously announced offering of $400 million of senior unsecured notes due 2017 (the “Notes”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes, with a coupon of 7.875%, were sold to investors at 97.837% of the aggregate principal amount.
FP Newspapers Income Fund (TSX:FP.UN), today announced a distribution of 9.50 cents per unit for the month of June 2009, to unitholders of record on June 30, 2009. The distribution will be paid July 30, 2009.
