Message-ID: <23221063.1075860573582.JavaMail.evans@thyme> Date: Tue, 7 Sep 1999 02:23:00 -0700 (PDT) From: richard.sanders@enron.com To: dunc@home.com Subject: Re: Pass this onto Chris - Thanks Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Richard B Sanders X-To: Duncan Croasdale X-cc: X-bcc: X-Folder: \Richard_Sanders_Dec2000\Notes Folders\Sent X-Origin: Sanders-R X-FileName: rsander.nsf I think you sent this to the wrong person---at least I hope so because I have no idea what it is. Enron Capital & Trade Resources Corp. From: Duncan Croasdale 09/04/99 08:04 PM To: Richard B Sanders/HOU/ECT@ECT cc: Subject: Pass this onto Chris - Thanks Employees bid for bankrupt mill Friday, 3 September, 8:30 p.m. NIAGARA FALLS, Ont. (CP) FORMER EMPLOYEES of bankrupt Gallaher Thorold Papers said Friday they have filed a letter of intent to buy the paper mill. Details of the bid were not immediately available. "We have developed employee ownership as a viable alternative in several other locations," Cec Makowski, vice-president of the Communications, Energy and Paperworkers Union of Canada, said in a release. The union said it has led successful employee ownership bids at Ontario paper mills in Kapuskasing, Thunder Bay and Sault Ste. Marie. A letter of intent was sent to the receiver, Ernst and Young, with the support of the employee group, the management group and the International Union of Operating Engineers. The union represented most of the mill's 310 workers, who were laid off when the Thorold plant shut down May 25. The mill, which produced a variety of paper products including envelopes, wallpaper and consumer packaging, has not operated since and was put into receivership in June. It can make products using 100 per cent recycled paper.