Negotiations continue on two fronts to save Katahdin mills

AUGUSTA, Maine — Investors who recently bought a Baileyville mill were negotiating Tuesday to purchase two Katahdin region paper mills even as lawmakers and LePage administration officials scrambled to win support for a bill deemed critical to the potential sale.

Dan Whyte, vice president of Brookfield Asset Management, the current owner of the two Katahdin Paper mills, told the Bangor Daily News that talks “are in progress” to sell the facilities to International Grand Investors Corp. of Delaware for $1.

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