Appleton
Papers Inc. ("Appleton") and Hicks Acquisition Company II, Inc.
(HACII) (HKAC), a special purpose acquisition company sponsored by Thomas O.
Hicks, announced they have agreed to discontinue their proposed business
combination.
Separately, it was reported that Appleton
Papers Inc. announced has terminated its previously announced consent solicitation with
respect its 10.50% Senior Secured Notes due 2015 (the "Senior Notes")
and its 11.25% Second Lien Notes due 2015 (the "Second Lien Notes"
and, together with the Senior Notes, the "Notes") and will not accept
any consents provided by any of holders of the Notes.
