Buckeye merger ‘done deal’

Posted on August 28, 2013

Georgia-Pacific LLC and Buckeye Technologies Inc. completed the previously announced acquisition of Buckeye by Georgia-Pacific on Friday.

Under the merger agreement, all outstanding shares of Buckeye Technologies’ common stock were converted into the right to receive $37.50 per share, net to the holder in cash, without interest, subject to any withholding of taxes required by applicable law. The transaction was valued at approximately $1.5 billion, including debt.

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