Buckeye Technologies Inc. today announced that
leading independent proxy advisory firms ISS Proxy Advisory Services and Egan
Jones Proxy Services have recommended that Buckeye stockholders vote
"FOR" adoption of the Agreement and Plan of Merger (the "Merger
Agreement"), dated April 23, 2013, by and among Buckeye, Georgia-Pacific
LLCand GP Cellulose Group, an indirect
wholly-owned subsidiary of Georgia-Pacific (the "Purchaser"). The
Merger Agreement provides for the merger of the Purchaser with and into
Buckeye, with Buckeye surviving the merger as an indirect wholly-owned subsidiary
of Georgia-Pacific. If the transactions contemplated by the Merger Agreement
are completed, Buckeye stockholders will be entitled to receive $37.50 in cash,
without interest and subject to any withholding of taxes required by applicable
law, for each share of Buckeye common stock. The Merger Agreement is being
submitted to a vote at a special meeting of Buckeye stockholders to be held on
August 15, 2013 at 9:00 a.m. Central Time, at Buckeye's headquarters, 1001
Tillman Street, Memphis Tennessee 38112.
