Georgia-Pacific Receives Request for Information in Connection with Proposed Merger
June 11, 2013 (Press Release) - Buckeye Technologies Inc. today announced that Georgia-Pacific LLC received a request for additional information and documentary material (the “Second Request”) regarding the nonwovens business in connection with the review by the Federal Trade Commission and Antitrust Division of the U.S. Department of Justice (the “Antitrust Division”) of the Premerger Notification and Report Form initially filed by Georgia-Pacific relating to its proposed acquisition of Buckeye on May 7, 2013.
The effect of the Second Request is to extend the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended, which was scheduled to expire at 11:59 p.m., New York City time, on June 10, 2013, to 11:59 p.m., New York City time, on the date upon which the applicable waiting period expires after substantial compliance by Georgia-Pacific with the Second Request, unless such waiting period is earlier terminated.
Georgia-Pacific and Buckeye will continue to work with the FTC and the Antitrust Division during the course of their review to respond to any inquiries, including the Second Request, as expeditiously as possible. In practice, complying with requests for additional information or material, including the Second Request, can take a significant amount of time.
Headquartered in Memphis, Tennessee, Buckeye Technologies currently operates manufacturing facilities in the United States and Germany. Its products are sold worldwide to makers of consumer and industrial goods. www.bkitech.com.
SOURCE: Buckeye Technologies