AbitibiBowater investor Karfunkel buys 5% stake

By Lisa Kerner

Charlotte, N.C., Dec. 24 - George Karfunkel purchased 3 million shares of AbitibiBowater Inc. on Dec. 19 for $0.32 per share in open-market transactions on the New York Stock Exchange for an initial 5% interest in the company, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

AbitibiBowater is a Montreal-based producer of newsprint, commercial printing papers, market pulp and wood products.

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