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Article: Stora Enso Acquisition of Consolidated Papers Completed.
- Article from:
- PR Newswire
- Article date:
- August 31, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WISCONSIN RAPIDS, Wis. and HELSINKI, Finland, Aug. 31 /PRNewswire/ --
Stora Enso Oyj announced today that the merger of Consolidated Papers, Inc. (NYSE: CDP) with a subsidiary of Stora Enso has been consummated, completing Stora Enso's acquisition of Consolidated Papers effective August 31, 2000.
Holders of Consolidated Papers shares still have the right to elect to receive either $44.00 in cash or 3.621 Stora Enso American Depositary Shares (ADSs), each representing one Stora Enso Series R share, for each Consolidated Papers share they hold at the effective time of the merger. Shareholder elections are subject to proration as described in the Proxy ...