June 6, 2016 / 3:08 PM / in a year

BUZZ-Canada's Fortress Paper enjoys best day ever on asset sale, leaseback

** Fortress Paper rises as much as 40.6 pct, its best intraday gain ever, after the pulp and security paper provider inks sale and leaseback deal for Swiss assets

** Company’s Swiss unit to sell security paper business assets for ~C$59 mln and then lease them back for a 20-year triple-net lease, including deposit of ~C$660,000

** Up to Friday’s close, stock had lost more than a third of its value in past 12 months

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