PCA and Boise Announce Early Termination of HSR Waiting Period
01 Octobre 2013 - 8:34PM
Business Wire
Packaging Corporation of America (NYSE: PKG) and Boise, Inc.
(NYSE: BZ) today announced that the Federal Trade Commission has
granted early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection
with the previously announced acquisition of Boise by PCA.
The transaction remains subject to other customary closing
conditions.
Overview of PCA
Headquartered in Lake Forest, IL, PCA (NYSE: PKG) is the fourth
largest producer of containerboard and corrugated packaging
products in the United States with sales of $2.8 billion in 2012.
PCA operates four paper mills and 71 corrugated product plants in
26 states across the country.
Overview of Boise
Headquartered in Boise, Idaho, Boise Inc. (NYSE: BZ)
manufactures a wide variety of packaging and paper products.
Boise's range of packaging products includes linerboard and
corrugating medium, corrugated containers and sheets, and
protective packaging products. Boise's paper products include
imaging papers for the office and home, printing and converting
papers, and papers used in packaging, such as label and release
papers.
Tender Offer
This announcement is neither an offer to purchase nor a
solicitation of an offer to sell securities. The tender offer for
the outstanding shares of Boise’s common stock is being made
pursuant to an Offer to Purchase and related materials that PCA and
its subsidiary, Bee Acquisition Corporation, have filed with the
Securities and Exchange Commission (SEC). On September 26, 2013,
PCA and Bee Acquisition Corporation filed a Tender Offer Statement
on Schedule TO with the SEC and Boise filed a
Solicitation/Recommendation Statement on Schedule 14D-9 with the
SEC related to the tender offer. The Tender Offer Statement
(including an Offer to Purchase, a related Letter of Transmittal
and other tender offer documents) and the
Solicitation/Recommendation Statement (each as amended and
supplemented) contain important information that should be read
carefully before any decision is made with respect to the tender
offer. Those materials are available to Boise’s stockholders at no
expense to them by written request to Georgeson Inc., 480
Washington Blvd., 26th Floor, Jersey City, NJ 07310 or by calling
(866) 295-3782 (toll-free). In addition, all of those materials
(and all other offer documents filed with the SEC) are available at
no charge on the SEC’s website at www.sec.gov.
PCA CONTACT:Packaging Corporation of AmericaBarbara
SessionsINVESTOR RELATIONS: (877) 454-2509PCA’s Website:
www.packagingcorp.comorBOISE CONTACT:Boise Inc.Greg
JonesINVESTOR RELATIONS: (208) 384-7141Boise’s Website:
www.boiseinc.com
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