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BRIEFLY

Scott Paper purchased 12 million of its own shares.

September 04, 1985

The forest products company said it bought the shares from Brascan Ltd. of Toronto. The shares represented 24.9% of Scott's outstanding stock. Scott will pay $20 a share in cash plus a $25-per-share principal amount variable-rate note with a five-year term. Brascan will also receive seven-year warrants to purchase 4 million Scott common shares at $45 each.

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