Key Developments: KapStone Paper and Packaging Corp (KS)

KS on New York Consolidated

30.37USD
16 Sep 2014
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$0.11 (+0.36%)
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Latest Key Developments (Source: Significant Developments)

KapStone Paper and Packaging Corp Completes Acquisition of Longview Fibre Paper and Packaging, Inc
Thursday, 18 Jul 2013 03:08pm EDT 

KapStone Paper and Packaging Corp announced that it has completed the stock purchase of Longview Fibre Paper and Packaging, Inc. (Longview). Longview, headquartered in Longview, WA, is a manufacturer of containerboard, lightweight high performance multiwall paper, specialty Kraft papers, and corrugated products. Longview employs about 1,800 people.  Full Article

Kapstone Paper And Packaging Corp Clears HSR For Its Acquisition Of Longview Fibre Paper And Packaging Inc
Friday, 28 Jun 2013 10:14am EDT 

KapStone Paper and Packaging Corp announced that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the previously announced acquisition of Longview Fibre Paper and Packaging, Inc. This means that the FTC and the Antitrust Division of the U.S. Department of Justice have completed their review of the submissions made by the parties in accordance with the rules promulgated under the HSR Act and determined not to take any enforcement action with respect to the proposed transaction during the HSR Act waiting period. The expiration or termination of the waiting period was a condition to the closing of the transaction. As announced on June 10, 2013, KapStone Kraft Paper Corporation, a wholly owned subsidiary of KapStone, Longview and certain affiliates of Brookfield Capital Management entered into an agreement for KapStone Kraft to acquire the stock of Longview from Brookfield 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 still subject to approval from the Federal Energy Regulatory Commission in response to the parties' joint application and other customary conditions. The transaction is expected to close in the third quarter of this year.  Full Article

KapStone Paper and Packaging Corp to Acquire Longview Fibre Paper and Packaging, Inc
Monday, 10 Jun 2013 01:30pm EDT 

KapStone Paper and Packaging Corp and Longview Fibre Paper and Packaging, Inc. jointly announced 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. Longview is a manufacturer of containerboard, lightweight high performance multiwall paper, specialty Kraft papers, and corrugated containers located in the Pacific Northwest region. Longview's operations include a mill located in Longview, WA equipped with five paper machines which produce 1.15 million tons of containerboard and Kraft paper annually.  Full Article

KapStone Paper and Packaging Corp Declares Special Cash Dividend Of $2.00 Per Share
Wednesday, 28 Nov 2012 12:00pm EST 

KapStone Paper and Packaging Corp announced that its Board of Directors approved a $2.00 per share special cash dividend. The special cash dividend will be payable on December 20, 2012 to shareholders of record at the close of business on December 10, 2012. The NYSE has determined that the ex-dividend date will be December 6, 2012.  Full Article

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