White Birch Paper will be auctioned off on Tuesday

White Birch Paper Company will be auctioned off tomorrow, Tuesday September 21.

White Birch indicated that operations will continue as normal during the sale process and that all bids are for the operations as a going concern. The company expects the results of the auction to be known at the conclusion of the auction, or shortly thereafter.

Final court approval of a winning bid will be sought in Canada on September 24 and in the U.S. on September 30. A sale is expected to be completed in late November 2010, subject to certain regulatory approvals and other conditions.

Source: White Birch Paper