Top shareholders, KGI signal interest in acquiring Catalyst Paper

Catalyst Paper Corp (TSX: CYT) said its four largest shareholders and Kejriwal Group International (KGI) have expressed an interest in acquiring the company. The shareholders, which hold or control about 79 percent of Catalyst's outstanding common shares, are: Mudrick Capital Management, Cyrus Capital Partners, Oaktree Capital Management and Stonehill Capital Management. The investor group indicated it may seek to acquire Catalyst's equity at $6 per share and exchange certain debt, with an investment by KGI of $60 million. Catalyst, a Richmond, B.C.-based pulp and paper company, said it would be "pleased to review and evaluate any proposal" that emerges from the group's expression of intent.

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