Billerud and Korsnas Merger Complete

Nov. 29, 2012 - Billerud said that today the combination of Billerud and Korsnäs has been finalized with Billerud acquiring all shares in Korsnäs.

The consideration for the acquired shares shall according to the combination agreement consist of newly issued shares in BillerudKorsnäs corresponding to an ownership share of 25.1% [1] of the votes in the company, cash payment which, at the date of the agreement, was estimated to SEK 3 200 million and the assumption by BillerudKorsnäs of the existing external net debt of Korsnäs which, at the date of the agreement, was estimated to SEK 5 650 million.

The new name for the company is BillerudKorsnäs.

For complete details about the combination of the two companies, please visit www.billerudkorsnas.com

SOURCE: Billerud

See related stories:
- EC Gives Conditional OK for Billerud and Korsnas to Merge (11/27/2012)
- Korsnas Enters Agreement with Billerud to Merge (6/26/2012)