(USA) Pope & Talbot Inc. is preparing to shut its three remaining pulp mills -- including one in Oregon -- after its creditors declined to extend financing to the bankrupt wood products company.
Mark Rossolo, a spokesman for Portland-based Pope & Talbot (Pink Sheets: PTBT), said a Canadian bankruptcy court on Monday extended the company's bankruptcy protection for 48 hours as it tries to sell the pulp mills. It had been set to expire Monday.
(To read the complete story, click the headline link above)
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Mark Rossolo, a spokesman for Portland-based Pope & Talbot (Pink Sheets: PTBT), said a Canadian bankruptcy court on Monday extended the company's bankruptcy protection for 48 hours as it tries to sell the pulp mills. It had been set to expire Monday.
(To read the complete story, click the headline link above)
Comment on this story
Bookmark this story
Email this story
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