$2B Boise Deal Docs Give Hedge Fund Told-You-So Moment

Law360, New York (September 26, 2013, 5:32 PM EDT) -- Packaging Corp. of America was initially interested only in half of Boise Inc., according to new documents released Thursday that shed light on their $2 billion merger and lend some weight to arguments made this week by a hedge fund opposing the deal.

Documents filed with the U.S. Securities and Exchange Commission show that after making initial offers at $10.25 and $11 per share for the entire company, PCA said in June that it was no longer interested in Boise's paper business, which is separate from,...
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