Business News
Monday 08. November 2010

Pitney Bowes Board Declares Common, Preference and Preferred Stock Dividends

The Board of Directors of Pitney Bowes Inc. (NYSE: PBI) declared a quarterly cash dividend on the company’s common stock of 36.5 cents per share, payable December 12, 2010, to stockholders of record on November 19, 2010; a quarterly cash dividend of 53 cents per share on the company’s $2.12 convertible preference stock, payable January 1, 2011, to stockholders of record December 15, 2010, and a quarterly cash dividend of 50 cents per share on the company’s 4 percent convertible cumulative preferred stock, payable February 1, 2011, to stockholders of record January 14, 2011.
Monday 08. November 2010

Momentive Specialty Chemicals Inc. Announces Preliminary Results of Tender for Certain of its Outstanding Notes

Pursuant to its previously announced tender offer, Momentive Specialty Chemicals Inc. (the “Company”) received tenders from the holders of $355,241,000 aggregate principal amount of their 9.75% Senior Notes due 2014 (the “Notes”) by the expiration of the early tender payment deadline, November 4, 2010 at 5:00 p.m., New York City time (the “Early Tender Date”).

Monday 08. November 2010

Clearwater Paper Corporation Announces Cash Tender Offer for Cellu Tissue Holdings, Inc.’s 11½% Senior Secured Notes due 2014

Clearwater Paper Corporation (NYSE:CLW) (“Clearwater Paper”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of Cellu Tissue Holdings, Inc.’s (“Cellu Tissue”) outstanding 11½% Senior Secured Notes due 2014 (the “Cellu Notes”), of which $234,484,000 aggregate principal amount are outstanding.

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