Fh Acquisition Corp

Fort Howard Corp., one of the larger U.S. paper products companies, said Monday that it signed an agreement to take the firm private in a management-led leveraged buyout valued at about $3.57 billion. There has been speculation that the Green Bay, Wis.-based firm wants to ward off a hostile takeover. Fort Howard stock rose $4.50 on news of the agreement to close at $53.875 in trading on the New York Stock Exchange.

Fort Howard Corp., one of the larger U.S. paper products companies, said Monday that it signed an agreement to take the firm private in a management-led leveraged buyout valued at about $3.57 billion. There has been speculation that the Green Bay, Wis.-based firm wants to ward off a hostile takeover. Fort Howard stock rose $4.50 on news of the agreement to close at $53.875 in trading on the New York Stock Exchange.