Industry News

Packaging Corp. of America Announces Agreement to Acquire Boise

Aggregate transaction value of $1.995 billion

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Packaging Corp. of America and Boise announced that they have entered into a definitive agreement under which PCA will acquire all of the outstanding common shares of Boise for $12.55 per share in cash, for an aggregate transaction value of $1.995 billion, inclusive of $714 million of outstanding indebtedness of Boise. The transaction is expected to close in the fourth quarter of 2013 with committed debt financing, but is subject to certain customary conditions and regulatory approvals. The c...

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