G-P Receives "Second Request" for Info in Connection with Buckeye Acquisition
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Buckeye Technologies Inc., Memphis, Tenn., USA, this week reported that Georgia-Pacific, Atlanta, Ga., has received a request for additional information and documentary material (the Second Request) regarding the nonwovens business in connection with the review by the U.S. Federal Trade Commission (FTC) and Antitrust Division of the U.S. Department of Justice of the Premerger Notification and Report Form initially filed by G-P on May 7, 2013, relating to its proposed acquisition of Buckeye. The effect of the Second Request is to extend the waiting period under the Hart-Scott Rodino Antitrust Improvements Act, which was scheduled to expire at 11:59 p.m., New York City time, on June 10, to 11:59 p.m., New York City time, on the date upon which the applicable waiting period expires after substantial compliance by G-P with the Second Request, unless such waiting period is earlier terminated.
G-P and Buckeye note that they 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.
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