Georgia-Pacific to buy Buckeye Technologies

Apr 24, 2013

Georgia-Pacific is buying Buckeye Technologies Inc., boosting its product lineup, for about $1.46 billion.

The privately held Atlanta-based paper, packaging and building products company says it reached a deal to buy all of Buckeye's for $37.50 per share. The price represents a 25 percent premium over Buckeye's Tuesday closing . Its shares are trading at that price as the markets open.

Memphis, Tenn.-based Buckeye makes and markets specialty fibers and nonwoven materials made from wood and cotton. It operates mills in the U.S. and Germany and employs about 1,200 people.

The companies valued the deal at about $1.5 billion, including debt.

The deal remains subject to regulatory approvals and Georgia-Pacific LLC's acquisition of at least 75 percent of Buckeye's shares through a tender offer.

Explore further: Jury decides Silicon Valley firm did not discriminate

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Verizon to buy Terremark for $1.4 billion

Jan 28, 2011

(AP) -- Verizon Communications Inc. said Thursday it is buying Terremark Worldwide Inc., a provider of information technology services, for $1.4 billion in cash.

Soft maker Deltek to be taken private for $890.5M

Aug 27, 2012

(AP)—Deltek Inc. shares slid nearly 8 percent Monday after the business software company said that it was being bought by private equity firm Thoma Bravo LLC in a cash deal worth about $890.5 million.

Ecolab buying Champion Technologies in $2.2B deal

Oct 12, 2012

Ecolab, the cleaning, food safety and pest-control services company, is buying the specialty chemical company Champion Technologies in a cash-and-stock deal valued at about $2.2 billion.

Thermo Fisher to buy Life Technologies for $13.6B (Update)

Apr 15, 2013

Thermo Fisher Scientific Inc. has offered to pay about $13.6 billion to buy genetic testing equipment maker Life Technologies in a cash deal that will create a giant company serving research and specialty diagnostics.

Recommended for you

Jury decides Silicon Valley firm did not discriminate

4 hours ago

A jury decided Friday that a prestigious venture capital firm did not discriminate or retaliate against a female employee in a case that shined a light on gender imbalance and working conditions for women ...

Intel in talks with Altera on tie-up

4 hours ago

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

9 hours ago

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

13 hours ago

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.