G-P Stock Purchased by Koch Industries
December 2005
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ATLANTA—Koch Forest Products, a subsidiary of Koch Industries, will pay $48 a share to acquire paper manufacturing giant Georgia-Pacific (G-P).
Included in the transaction are all assets of G-P, including its North American and international consumer products segments, as well as its building products, packaging, paper and bleached board segments.
The deal has an equity value of $13.2 billion and a total enterprise value of $21 billion. The price paid to shareholders represents a premium of 39 percent based on the closing price of G-P common stock on November 11.
The transaction is not conditioned on financing. Debt financing has been secured by Koch through Citigroup.
G-P will be operated as a privately held, wholly owned subsidiary of Koch Industries and will continue to conduct business from its headquarters here as an independently managed company.
Included in the transaction are all assets of G-P, including its North American and international consumer products segments, as well as its building products, packaging, paper and bleached board segments.
The deal has an equity value of $13.2 billion and a total enterprise value of $21 billion. The price paid to shareholders represents a premium of 39 percent based on the closing price of G-P common stock on November 11.
The transaction is not conditioned on financing. Debt financing has been secured by Koch through Citigroup.
G-P will be operated as a privately held, wholly owned subsidiary of Koch Industries and will continue to conduct business from its headquarters here as an independently managed company.
Companies Mentioned:
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