Georgia-Pacific to buy Buckeye Technologies:
Georgia-Pacific is buying Buckeye Technologies Inc., boosting its product lineup, for about $1.46 billion.
The privately held Atlanta-based paper, packaging and building products company says it reached a deal to buy all of Buckeye's common stock for $37.50 per share. The price represents a 25 percent premium over Buckeye's Tuesday closing stock price. Its shares are trading at that price as the markets open.
Memphis, Tenn.-based Buckeye makes and markets specialty fibers and nonwoven materials made from wood and cotton.
