LAKE FOREST, Ill. & BOISE, Idaho--(BUSINESS WIRE)--Oct. 1, 2013--
Packaging Corporation of America (NYSE: PKG) and Boise, Inc. (NYSE: BZ)
today announced that the 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 Boise by PCA.
The transaction remains subject to other customary closing conditions.
Overview of PCA
Headquartered in Lake Forest, IL, PCA (NYSE: PKG) is the fourth largest
producer of containerboard and corrugated packaging products in the
United States with sales of $2.8 billion in 2012. PCA operates four
paper mills and 71 corrugated product plants in 26 states across the
country.
Overview of Boise
Headquartered in Boise, Idaho, Boise Inc. (NYSE: BZ) manufactures a wide
variety of packaging and paper products. Boise's range of packaging
products includes linerboard and corrugating medium, corrugated
containers and sheets, and protective packaging products. Boise's paper
products include imaging papers for the office and home, printing and
converting papers, and papers used in packaging, such as label and
release papers.
Tender Offer
This announcement is neither an offer to purchase nor a solicitation of
an offer to sell securities. The tender offer for the outstanding shares
of Boise’s common stock is being made pursuant to an Offer to Purchase
and related materials that PCA and its subsidiary, Bee Acquisition
Corporation, have filed with the Securities and Exchange Commission
(SEC). On September 26, 2013, PCA and Bee Acquisition Corporation filed
a Tender Offer Statement on Schedule TO with the SEC and Boise filed a
Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC
related to the tender offer. The Tender Offer Statement (including an
Offer to Purchase, a related Letter of Transmittal and other tender
offer documents) and the Solicitation/Recommendation Statement (each as
amended and supplemented) contain important information that should be
read carefully before any decision is made with respect to the tender
offer. Those materials are available to Boise’s stockholders at no
expense to them by written request to Georgeson Inc., 480
Washington Blvd., 26th Floor, Jersey City, NJ 07310 or by calling (866)
295-3782 (toll-free). In addition, all of those materials (and all other
offer documents filed with the SEC) are available at no charge on the
SEC’s website at www.sec.gov.
Source: Packaging Corporation of America
PCA CONTACT:
Packaging Corporation of America
Barbara
Sessions
INVESTOR RELATIONS: (877) 454-2509
PCA’s Website: www.packagingcorp.com
or
BOISE
CONTACT:
Boise Inc.
Greg Jones
INVESTOR RELATIONS:
(208) 384-7141
Boise’s Website: www.boiseinc.com