Hicks Trust Forms $675M Venture With Paper Co. Appleton

Law360, New York (May 16, 2012, 6:12 PM EDT) -- Texas entrepreneur Thomas O. Hicks' special purpose acquisition trust has agreed to form a $675 million joint venture with Wisconsin chemicals and paper products company Appleton Papers Inc., the companies announced Wednesday.

Under the terms of the deal, Hicks Acquisition Co. II Inc. — a trust with roughly $150 million in cash — will invest its funds in Wisconsin-based Appleton to acquire an undisclosed equity interest in the company.

"Appleton is a true leader in its markets with a broad and diverse product line, globally respected...
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