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Slide #50. KapStone Paper and Packaging Corporation — Longview Fibre Paper and Packaging, Inc.
KapStone Paper and Packaging Corporation (KS)
Longview Fibre Paper and Packaging, Inc.
KapStone Paper and Packaging Corporation (NYSE: KS) ("KapStone") announced today that the U.S. Federal Trade Commission ("FTC") has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") in connection with the previously announced acquisition of Longview Fibre Paper and Packaging, Inc. ("Longview"). This means that the FTC and the Antitrust Division of the U.S. Department of Justice have completed their review of the submissions made by the parties in accordance with the rules promulgated under the HSR Act and determined not to take any enforcement action with respect to the proposed transaction during the HSR Act waiting period. The expiration or termination of the waiting period was a condition to the closing of the transaction.
KapStone Paper and Packaging produces and sells a variety of containerboard, corrugated products and specialty paper products. Co. operates in two segments: paper and packaging, which manufactures and sells containerboard, corrugated products and specialty paper for industrial and consumer markets; and distribution, which operates under the Victory trade name, provides its customers packaging solutions and services and distributes corrugated packaging materials and other specialty packaging products, which include stretch film, void fill, carton sealing tape and other specialty tapes.
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Hold (2.00 out of 4)
(ranked higher than approx. 93% of all stocks covered)
Based on Zacks ABR data;
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