Form 8-K KAPSTONE PAPER & PACKAGI For: May 04

Go back to Form 8-K KAPSTONE PAPER & PACKAGI For: May 04

Kapstone (KS) to Acquire Victory Packaging in Net $515M Deal

May 5, 2015 7:17 AM EDT

Kapstone (NYSE: KS) and Victory Packaging/Golden State Container jointly announced that they have signed an agreement for KapStone to acquire the assets of Victory Packaging in a cash-free, debt-free transaction for $615 million in cash, subject to post-closing adjustments. In addition, two contingent earnouts totaling $45 million could be payable two and a half to four years after the close and are based on the continued strong growth of the business. Closing of the acquisition is subject to a number of customary conditions, including regulatory review.

The structure of the transaction will... More