Printing Impressions

You will be automatically redirected to piworld in 20 seconds.
Skip this advertisement.

Advertisement
Open Enrollment | Subscribe to Printing Impressions HERE
Connect
Follow us on
Advertisement
 

G-P Stock Purchased by Koch Industries

December 2005
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.
 

Companies Mentioned:

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: