Brookfield grants Katahdin paper mills another reprieve

EAST MILLINOCKET, Maine — The Toronto-based corporation that owns the two Katahdin region paper mills is giving Gov. Paul LePage more time to close a deal with a potential buyer of the mills, he said Tuesday.

“We are cautiously optimistic that a deal can be reached to re-establish the long history of papermaking in the Katahdin region to create economic prosperity,” LePage said in a brief statement.

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