12:25 PM EST - Cascades Inc. : Announces the acquisition of the White Birch, Bear Island manufacturing facility in Virginia, for a cash consideration of $34.2 million U.S. The newsprint paper machine presently located on the site will be reconfigured to produce high quality recycled lightweight linerboard and medium for the North American market. During the period prior to the conversion, White Birch will temporarily operate the site as a newsprint mill, under a 27-month lease. Cascades Inc.
shares T.CAS are trading up $0.15 at $12.33.
