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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 1999
BOWATER INCORPORATED .
(Exact name of registrant as specified in its charter)
Delaware 1-8712 62-0721803
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
55 East Camperdown Way
P.O. Box 1028
Greenville, South Carolina 29602
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 271-7733
(Former name or former address, if changed since last report): Not applicable
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Item 5. Other Events
The press release issued by Bowater Incorporated on May 19, 1999,
attached hereto as Exhibit 99.1, is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits
Exhibit No. Description
99.1 Press release dated May 19, 1999.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 19, 1999
BOWATER INCORPORATED
(Registrant)
By: /s/ Wendy C. Shiba
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Name: Wendy C. Shiba
Title: Vice President, Secretary and Assistant General Counsel
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Exhibit Index
The following exhibit is filed herewith:
Exhibit No. Description
99.1 Press release dated May 19, 1999.
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Exhibit 99.1
Media contact:
Deborah L. Humphrey
864-282-9571
Analyst contact:
James H. Dorton
864-282-9500
FOR IMMEDIATE RELEASE
WEDNESDAY, MAY 19, 1999
BOWATER ANNOUNCES AGREEMENT FOR
THE SALE OF GREAT NORTHERN PAPER, INC.
GREENVILLE, SC - Bowater Incorporated (NYSE: BOW) today announced that it has
signed an agreement with Inexcon Maine, Inc., a Quebec-based investment group,
for the purchase of Great Northern Paper, Inc. (GNP) for an undisclosed purchase
price. The transaction is subject to the completion of financing, and certain
other conditions and regulatory approvals.
GNP, a wholly-owned subsidiary of Bowater, operates pulp and paper
mills in Millinocket and East Millinocket, Maine, and owns approximately 380,000
acres of timberlands and an extensive hydroelectric system.
Bowater Incorporated, headquartered in Greenville, SC, is a global
leader in newsprint. In addition, the company makes coated and uncoated
groundwood papers, bleached kraft pulp and lumber products. It has 10 pulp and
paper mills in the United States, Canada and South Korea. These operations are
supported by 2.4 million acres of timberlands owned or leased in the United
States and Canada and over 14 million acres of timber cutting rights in Canada.
The company is one of the world's largest users of recycled newspapers and
magazines. Bowater common stock is listed on the New York Stock Exchange, U.S.
regional exchanges and the London Stock Exchange. A special class of stock
exchangeable into Bowater common stock is listed on the Toronto and Montreal
exchanges (TSE and ME: BWX).
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