Stockholders back Buckeye, GP merger

Posted on August 21, 2013

Buckeye Technologies Inc., announced Thursday that its stockholders approved the Agreement and Plan of Merger at a special stockholders’ meeting on Aug. 15 among Georgia-Pacific LLC (“Georgia-Pacific”), GP Cellulose Group LLC (“Purchaser”) and Buckeye (the “Merger Agreement”) dated as of April 23, 2013.

More than 84 percent of the total outstanding shares of Buckeye common stock eligible to vote as of the July 8, 2013, record date were voted in favor of the adoption of the merger agreement. Buckeye stockholders also approved the non-binding advisory proposal regarding merger-related compensation with a vote of more than 83 percent of the total outstanding shares of Buckeye common stock eligible to vote as of the July 8, 2013, record date.

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