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Article: Georgia-Pacific Corp. proposes merger with Great Northern Nekoosa Corp. (includes text of letter to William R. Laidig, chairman and VP of Great Northern Nekoosa Corp.) (transcript)
- Article from:
- PR Newswire
- Article date:
- October 31, 1989
CopyrightCOPYRIGHT 1989 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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GEORGIA-PACIFIC CORP. PROPOSES MERGER WITH GREAT NORTHERN NEKOOSA CORP.
AND BEGINS CASH TENDER OFFER AT $58
ATLANTA, Oct. 31 /PRNewswire/ -- Georgia Pacific Corp. (NYSE: GP) said today that it has begun a tender offer through its wholly-owned subsidiary, NM Acquisition Corp., for all outstanding shares of common stock (including the associated preferred-share purchase rights) of Great Northern Nekoosa Corp. for $58 per share (and associated right) in cash.
The offer represents a 50 percent premium over the market price of Great Northern Nekoosa common stock on Oct. 26, l989, the last trading day prior to an increase in Great ...