Why Reed stopped acquiring.

The article reports on the financial problems faced by Reed Paper Ltd. based in Toronto, Ontario. The company's president Robert W. Billingsley and chairman John A. Ross, as reported, have resigned, and about 20% of the company's head office staff will be laid off in July 1977. As reported, the collapse of Reed Paper has been galling for its parent company Reed International Ltd. as Reed Paper was supposed to provide the base of the North American operations of Reed International.