Resolute Forest Products Inc. Chief Executive Officer Richard Garneau says the world’s largest newsprint maker will consider acquisitions as lower borrowing costs aid a push into more lucrative products.
International Paper Co., the world’s largest maker of office paper, is in talks about combining its xpedx unit with Bain Capital’s Unisource Worldwide Inc. to form the biggest distributor of office and copier paper.
Wood-panel makers Norbord Inc. and Ainsworth Lumber Co., among the best-performing Canadian stocks this year, will probably cool in 2013 as the accelerating U.S. housing recovery entices producers to restart idled mills.
The U.S. Coalition for Fair Lumber Imports may file a trade complaint against British Columbia wood producers over increased processing of timber that has low government harvesting fees, RBC Capital Markets said.
International Paper Co. may cut its $3.31 billion takeover offer for Temple-Inland Inc. after shares of rival packaging makers fell and the U.S. economic outlook weakened, Royal Bank of Canada and Deutsche Bank AG said.
The assertion that a short seller offered to sell market-moving research to other traders before making it public is failing to sway investors after the biggest plunge in the history of Sino-Forest Corp.