Georgia-Pacific to buy Buckeye Technologies for $1.5 bln

April 24 Wed Apr 24, 2013 9:20am EDT

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April 24 (Reuters) - Privately held Georgia-Pacific LLC will buy specialty fiber maker Buckeye Technologies Inc for about $1.5 billion, including debt.

Buckeye's shareholders will receive $37.50 per share, a premium of 25 percent to the stock's Tuesday close on the New York Stock Exchange.

Georgia Pacific makes building products, tissue, packaging, paper, cellulose and related chemicals.

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