Simpson Thacher Represents J.P. Morgan, Financial Advisor to Boise Inc., in Packaging Corp. of America’s Announced Acquisition of Boise for Approximately $2 Billion
09.17.13
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Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Boise Inc. (“Boise”) in connection with Packaging Corp. of America’s (“PCA”) announced acquisition of Boise Inc. for $12.55 per share in a deal valued at about $1.995 billion, including $714 million of Boise debt.
Headquartered in Boise, Idaho, Boise (NYSE: BZ) manufactures a wide variety of packaging and paper products. Boise's range of packaging products includes linerboard and corrugating medium, corrugated containers and sheets, and protective packaging products. Headquartered in Lake Forest, Illinois, PCA (NYSE: PKG) is the fourth largest producer of containerboard and corrugated packaging products in the United States with sales of $2.8 billion in 2012.
The Simpson Thacher team includes Caroline Gottschalk and Ravi Agarwal (M&A).