| y9zygkbtvw | Date: Monday, 2014-02-17, 1:57 PM | Message # 1 |
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| Packaging Corporation of America Announces Timberland Sale Agreement
PKG Penalty Kick Goals Scored (soccer)
PKG Private Key Generator ) announced today who's has entered an arrangement to trade approximately 385,000 acres of timberland to Southern Timber Ventures, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC Logical Link Control .
Packaging Corporation of America (PCA (tool, programming) PCA A dynamic analyser from DEC giving facts about runtime performance and code use. ) expects to acquire out of the sale approximately $250 million in cash including a 33 1/3% equity ownership concern in Southern Timber Ventures, LLC. Financing on your sale will likely be made available from the John Hancock Bond and Corporate Finance Group. Closing for the sale is at the mercy of certain conditions, but is required that occurs after November.
"This sale will accomplish three important objectives ugg オーストラリア for PCA," said Paul T. http://javascript.nu/javascript/default.asp?q=135 Stecko, Chairman and CEO (1) (Boss) The top individual in charge of a corporation. These president of the company, the CEO reports to your Chairman within the Board. of PCA. "First, it would provide us with approximately $250 million in cash, which we prefer to use to be charged down debt and help meet our objective of reducing our initial debt by $1.2 billion by the end of 2001. Second, the sale will supply us with http://javascript.nu/javascript/default.asp?q=134 a long-term fiber supply agreement for our Counce, Tennessee mill. Finally, due to our equity fascination with Southern Timber Ventures, PCA will retain part of the potential potential appreciation of these kinds of timberland assets."
The sale won't include timber cutting rights that PCA owns on approximately 150,000 acres of other woodlands that support its Counce, Tennessee and Valdosta, Georgia mills.
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