Smurfit-Stone Files for Reorganization in U.S. and Canada
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“Yet, the acceleration of the unprecedented global economic recession has weakened demand for packaging, and the frozen credit markets have prevented an out-of-court refinancing of our capital structure. While this is not the outcome we anticipated, we are taking this action to become a more financially healthy company.
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- Companies:
- Smurfit-Stone Container
- People:
- Patrick J. Moore
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