US, Canada Halt Trading In AbitibiBowater Shares

Stock quotes in this article: ABH  

NEW YORK (AP) — The New York Stock Exchange and the Toronto Stock Exchange early Thursday halted trading of shares of AbitibiBowater Inc., the world's largest producer of newsprint, a spokesman for the NYSE said.

The U.S. based company, which has administrative headquarters in Montreal, did not immediately respond to inquiries about the matter.

AbitibiBowater has struggled as demand for newsprint collapses, a development that has accelerated as more and more advertisers abandon newspapers for the Internet.

Shares closed Wednesday at 53 cents. In the last 12 months they ranged from a high of $14.89 to a low of 24 cents.

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