Tuesday 11. June 2013
KapStone to Acquire Longview Fibre Paper and Packaging, Inc.
KapStone Paper and Packaging Corporation (NYSE: KS) and Longview Fibre Paper and Packaging, Inc. jointly announced today that they have signed an agreement for KapStone to acquire the stock of Longview Fibre Paper and Packaging, Inc. from Brookfield Capital Partners II, a private equity fund managed by Brookfield Asset Management Inc. in a cash free, debt free transaction for $1.025 billion in cash and subject to certain post-closing adjustments. Closing of the acquisition is subject to a number of customary conditions, including regulatory review.