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Exhibit (a)(1)(i)
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PRESS RELEASE
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PERKINS PAPERS LTD., TELEPHONE : (450) 444-6400
CASCADES GROUP FAX : (450) 444-6455
77 MARIE-VICTORIN BLVD.
CANDIAC
(QUEBEC) CANADA
J5R 1C3
PERKINS PAPERS LTD. ANNOUNCES EARLY TERMINATION OF
HART-SCOTT-RODINO WAITING PERIOD RELATING TO THE ACQUISITION
OF WYANT CORPORATION
CANDIAC (QUEBEC) SEPTEMBER 21, 2000 -- Perkins Papers Ltd. (TSE, symbol: PKN)
announces that it had received early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to the proposed
acquisition of Wyant Corporation. The tender offer for all the outstanding
shares of Wyant Corporation common stock is currently scheduled to expire at
midnight on Thursday, October 5, 2000.
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Perkins Papers Ltd. is the second largest producer of tissue paper in Canada and
the seventh largest in North America. Perkins operates six mills and converting
plants, five of which are located in Quebec and one in North Carolina, with a
workforce of 950 employees. Perkins's industrial infrastructure includes eight
paper machines with a combined annual capacity of 262,000 short tonnes of tissue
paper. The Corporation also operates 38 converting units. A large share of its
production is converted into finished and semi-finished products such as
bathroom tissue, household towels, facial tissue, napkins and hand towels. To
complete its product lines, Perkins also produces folding cartons and kraft
paper bags. The Company sells its products under its own brand names such as,
Cascades-Registered-, Satin Soft-Registered-, Doucelle-Registered-,
Decor-Registered-, North River-Registered-, Perkins-Registered- and
Horizon-Registered- as well as under private labels. Perkins trades on the
Toronto Stock Exchange under the symbol PKN.
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FOR FURTHER INFORMATION:
Ms. Suzanne Blanchet Mr. Stephane Milot
President and Chief Executive Officer Director - Investor Relations
Perkins Papers Ltd. Cascades Group
(450) 444-6400 (514) 282-2681
[email protected] [email protected]
WEB SITE: www.perkins.ca
