No 'Roadmap Problem' As DOJ Approves $1.5B Buckeye Deal

Law360, New York (August 22, 2013, 1:54 PM ET) -- Antitrust officials on Thursday approved the $1.5 billion acquisition of pulp miller Buckeye Technologies Inc. without requiring any divestitures, despite buyer Georgia-Pacific Corp. naming a specific factory it would be willing to part with.

The clearance comes just four months after the U.S. Department of Justice made its second request for information. The deal is set to close Friday at the Manhattan offices of Latham & Watkins LLP, which represented Georgia-Pacific.

Georgia-Pacific is paying $37.50 per share for the smaller Buckeye, combining two leading pulp mills....
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required