Thursday 08. May 2008
AbitibiBowater shows significant improvements in Q1 operating results
– On Track to Achieve Synergy Goal of $375 Million; Realizes Annual Synergy Run Rate of Over $180 Million at End of Q1 – Increases Asset Sales Target to $750 Million in 2009; Achieves Asset Sales of Approximately $220 Million to Date – Examines Newsprint Capacity Conversions to Coated and Other Value-Added Papers – Phase 2 Review of Operations Continues