G-P Extends Offer for Shares of Buckeye Technologies
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Georgia-Pacific, Atlanta, Ga., USA, this week announced that an entity controlled by Georgia-Pacific, GP Cellulose Group LLC, has extended the expiration of its previously announced tender offer for all of the outstanding shares of common stock of Buckeye Technologies Inc., Memphis, Tenn., at $37.50 per share, net to the holder in cash, to 5:00 p.m., New York, N.Y. (Eastern) time on Monday, June 17, 2013, unless further extended.
The depositary for the tender offer has advised Georgia-Pacific that approximately 32,095,420 shares have been validly tendered and not properly withdrawn in the offer. This represents approximately 80% of the 40,127,758 shares of Buckeye Technologies' common stock issued and outstanding, on a fully-diluted basis, as of June 4.
The tender offer and withdrawal rights were previously scheduled to expire at midnight New York City time on June 4.
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