Georgia-Pacific is buying Buckeye Technologies Inc. (NYSE: BKI) for about $1.5 billion.
Memphis, Tenn.-based Buckeye manufactures specialty fibers and nonwoven materials from wood and cotton. The products are used for absorption, hygiene products, tissues, baby wipes and other products.
The purchase price works out to $37.50 per share in cash. The total deal value of $1.5 billion includes debt assumption. Buckeye’s shares closed at $29.02 on April 23, the last day of trading before the deal was announced.
Georgia-Pacific, headquartered in Atlanta, manufactures tissue, packaging, paper, pulp, building products and related chemicals. The company is owned by Koch Industries Inc.
Dechert LLP partners Daniel O’Donnell, William Tuttle, Derek Winokur, Paul Denis, Mike Cowie, Isabelle Rahman, Abbi Cohen, Andrew Oringer and Jeremy Zucker were counsel to Buckeye on the deal.
After clicking on a story, use the back arrow in your browser to return to your search results. Use phrases "in quotes" or the tools below to better filter your results.
