Two of the three plants were purchased by New-Indy Containerboard LLC, a joint venture between private equity firms The Kraft Group and Schwarz Partners L.P. The third mill was purchased by Hood Companies Inc.
Shareholders don’t seem to like the deal, knocking the share price down about -2.9% to $28.35 in a 52-week range of $21.55- $36.50. One analyst said the sales price was better than the expected range of $300-$450 million.
Paul Ausick
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