Resolute Resolves to Submit Takeover Offer of Fibrek

Resolute Forest Products (formerly AbitibiBowater), has announced plans to make an unsolicited offer to acquire the Quebec-based paper company Fibrek Inc.

Private Equity Firm Acquiring Metallum Holding

The private equity firm First Reserve Corp. has reached an agreement to acquire the assets of Metallum Holdings S.A., a Europe-based metal refining and recycling company.

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Private Equity Firm Acquiring Metallum Holding

International Paper Takes Large Stake in India Paper Company

International Paper (IP) has entered into an agreement with L.N.

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International Paper Takes Large Stake in India Paper Company

AERT Restructures Debt

Advanced Environmental Recycling Technologies Inc. (AERT), a manufacturer of plastic/wood composite products, has announced that the company and an affiliate of the private equity firm H.I.G. Capital LLC have consummated a plan to restructure and reduce AERT’s existing debt, infuse new capital into the business and strengthen its balance sheet.

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AERT Restructures Debt

Cascades Selling its Dopaco Converting Business

Cascades Inc., Kingsey Falls, Quebec, has entered into an agreement to sell its Dopaco Inc.

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Cascades Selling its Dopaco Converting Business

DAK Americas Proceeds with Acquisition

DAK Americas LLC , based

Retrievex Continues Expansion

Retrievex Inc., records and information management (RIM) services provider based in Conshohocken, Pa., has acquired RIM Solutions LLC, Henderson, Nev., a provider of RIM services in the Las Vegas market. This transaction represents the company’s entrance into the West and gives Retrievex a truly nationwide presence, according to the company. Now extending beyond its three-city Midwest region established in 2010, including Cincinnati; Evansville, Ind.; and Omaha, Neb., Retrievex serves clients throughout New England; the New York metropolitan area, including northern and central New Jersey, Philadelphia and southern New Jersey and Delaware; as well as Northern Virginia and Washington, D.C.

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Retrievex Continues Expansion

Rio Tinto Sells Majority Stake in Alcan Engineered Products

The mining firm Rio Tinto, based in the United Kingdom, has completed its divestment of 61 percent of Alcan Engineered Products (AEP), Montreal, to certain investment funds affiliated with Apollo Global Management LLC, based in New York City, and the Fonds Strat

A Breakthrough In The Contactless Payment Chicken-and-Egg Dance?

Contactless payments have been stuck in a chicken-and-egg loop for years: Customers don't use contactless payment cards or NFC-equipped smartphones, so retailers don't see the need to install equipment and promote its use. And without lots of their favorite retailers deploying contactless, consumers have no reason to take it seriously. But on August 31, Cimbal launched a contactless payment system that may finally crack that hardware dilemma—and it may reduce the PCI risk associated with those mobile payments by keeping that data out of retail files.

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A Breakthrough In The Contactless Payment Chicken-and-Egg Dance?

Lax security leaves card data en route to banks vulnerable

EVERY TIME a shopper runs a credit card through a reader and waits for the transaction to be approved, sensitive information including name and account number is ferried from store to bank through computer networks, each step a potential opening for hackers.

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Lax security leaves card data en route to banks vulnerable