BREAKING NEWS: Koch Industries to Acquire Georgia-Pacific
Georgia-Pacific Corp. announced that the company has agreed to be purchased by Koch Industries Inc., Wichita, Kan. Koch has confirmed that Georgia-Pacific will be operated as a privately held, wholly owned subsidiary of Koch Industries.
ATLANTA - Georgia-Pacific Corp. announced that the company has agreed to be purchased by Koch Industries Inc., Wichita, Kan. The companies have reached a definitive agreement in which Koch Forest Products, Inc., a wholly owned Koch subsidiary, will make a $48 per share cash tender offer for all shares of Georgia-Pacific.
The transaction has been unanimously approved by the boards of directors of Georgia-Pacific and Koch.
The transaction has an equity value of $13.2 billion and a total enterprise value of $21 billion, including all Georgia-Pacific debt. The price to Georgia-Pacific shareholders represents a premium of 39 percent based on the closing price of Georgia-Pacific common stock on Nov. 11.