Title

"News & Issues" piece on a last-ditch effort by 12 unions to purchase Bowater's

Authors

Phyllis Austin

Source

Maine Times

Date

7-22-1999

Pages

10

Abstract

"News & Issues" piece on a last-ditch effort by 12 unions to purchase Bowater's Great Northern mills in Millinocket and East Millinocket. Bowater, however, would prefer to sell to Inexcon, a Quebec investment group, and won't consider the unions unless that deal falls through. Inexcon's offer is contingent upon the more than 1,000 production and trade union workers accepting major wage and benefit concessions, and those demands have prompted attorney Severin Beliveau, who is working with the unions on an Employee Stock Option Plan buyout, to try harder to convince Bowater that there is a viable alternative.

Subjects

Bowater Inc, Great Northern Paper Company, Inexcon Maine Inc, Paper mills

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