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    Tembec receives final American court order recognizing its recapitalization
 

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Tembec receives final American court order recognizing its recapitalization
03/11/2008 - 13:09
Tembec Industries Inc. ("Tembec") October 31, 2008 announced that it has successfully obtained a final American court order recognizing its Canadian plan of arrangement as a foreign proceeding in the United States. Tembec’s recapitalization transaction was completed on February 29, 2008.

As previously announced on September 4, 2008, Tembec filed a petition under chapter 15 of the U.S. Bankruptcy Code for recognition of the plan of arrangement and to give effect to the sanction order issued under the Canada Business Corporation Act in Canada on February 27, 2008.
(Tembec)
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