Buckeye merger plan escapes mandatory waiting period

Accordingly, the condition to the consummation of the Merger with respect to the termination or expiration of the applicable waiting periods under the HSR Act has been satisfied.

In the Merger, GP Cellulose Group LLC would acquire all of the outstanding shares of common stock of Buckeye for $37.50 per share net to the seller in cash without interest and subject to any withholding of taxes required by applicable law. The Merger is expected to close on August 23, 2013, subject to customary closing conditions.

Buckeye Technologies