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Smurfit Stone Container Corp

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BUSINESS
February 24, 2000 | Bloomberg News
Smurfit-Stone Container Corp., the world's biggest box maker, said it agreed to buy St. Laurent Paperboard Inc. for $1.4 billion in cash, debt and stock, in a deal that would be the fifth combination among paper companies in two weeks. The company would pay $12.50 in cash and exchange a half share of Smurfit-Stone for each St. Laurent share. That is 21% above the share price when trading in St. Laurent stock on the New York Stock Exchange was halted at $16.75 after dropping 50 cents.
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BUSINESS
February 24, 2000 | Bloomberg News
Smurfit-Stone Container Corp., the world's biggest box maker, said it agreed to buy St. Laurent Paperboard Inc. for $1.4 billion in cash, debt and stock, in a deal that would be the fifth combination among paper companies in two weeks. The company would pay $12.50 in cash and exchange a half share of Smurfit-Stone for each St. Laurent share. That is 21% above the share price when trading in St. Laurent stock on the New York Stock Exchange was halted at $16.75 after dropping 50 cents.
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BUSINESS
January 27, 2009 | associated press
Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, on Monday filed for Chapter 11 bankruptcy protection as it looked to restructure a heavy debt amid a credit freeze. The Chicago company, which employs nearly 22,000 people working at about 150 facilities across North America and in Asia, said it filed for protection from creditor claims in U.S. Bankruptcy Court in Wilmington, Del.
BUSINESS
May 12, 2006 | From Reuters
Smurfit-Stone Container Corp. said it had agreed to sell its consumer packaging segment to private equity investor Texas Pacific Group for about $1.04 billion in cash. The company, which is in the midst of a turnaround plan, said it planned to use essentially all of the proceeds from the sale to reduce debt.
BUSINESS
November 25, 1998 | From Times Wire Services
International Paper Co., the world's largest paper producer, said Tuesday that it is buying smaller rival Union Camp Corp. for $4.9 billion, joining the wave of U.S. paper producers desperately seeking to slash costs amid slumping prices and booming Asian imports. Union Camp shareholders would get stock valued at $71 a share, or 45% more than Monday's closing price. International Paper, with 1997 sales of $20.1 billion, would also assume $1.7 billion of Union Camp debt. Wayne, N.J.
NEWS
September 2, 2001 | From Associated Press
Bail was set at $7 million Saturday for a man accused of killing seven people, including his girlfriend and her five children, who were bludgeoned to death in their sleep with a hammer. Adam Matthew Moss, 23, stared at the floor or his hands as he appeared before Woodbury County Magistrate John Nelson. Seven first-degree murder accusations were detailed in complaints filed by county prosecutors, who said formal charges would be filed this week.
BUSINESS
August 30, 2000 | MARLA DICKERSON, TIMES STAFF WRITER
Thinking outside the box isn't easy when you make corrugated cartons for a living. But Southern California's myriad box makers are finding it necessary to survive in a commodity industry. While much of the economy continues to boom, U.S. box shipments are projected to grow a miserly 1% this year, reflecting America's spending spree on imported goods packed in foreign-made containers.
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