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Georgia-Pacific Extends Tender Offer For All Shares Of Buckeye Technologies Inc.

Thursday 06. June 2013 - Georgia-Pacific LLC today announced that an entity controlled by Georgia-Pacific, GP Cellulose Group LLC, has extended the expiration of its previously announced tender offer for all of the outstanding shares of common stock of Buckeye Technologies Inc. (NYSE: BKI) at $37.50 per share, net to the holder in cash, to 5:00 p.m., New York City (Eastern) time on Monday, June 17, 2013, unless further extended.

The depositary for the tender offer has advised Georgia-Pacific that approximately 32,095,420 shares have been validly tendered and not properly withdrawn in the offer. This represents approximately 80 percent of the 40,127,758 shares of Buckeye Technologies’ common stock issued and outstanding, on a fully-diluted basis, as of June 4, 2013.
The tender offer and withdrawal rights were previously scheduled to expire at midnight New York City (Eastern) time on June 4, 2013. The tender offer has been extended, in accordance with the terms of the merger agreement entered into with Buckeye Technologies and applicable law, to allow additional time for the satisfaction of the offer conditions related to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the receipt of other required regulatory approvals. Except for the extension of the expiration date for the tender offer, all other terms and conditions of the tender offer remain unchanged.