Buckeye Technologies Says Holders Approve Merger with Georgia-Pacific

Buckeye Technologies Inc. (NYSE: BKI) announced that at a specialstockholders' meeting held today, Buckeye stockholders approved the Agreementand Plan of Merger, dated as of April 23, 2013, by and among Georgia-PacificLLC (“Georgia-Pacific”), GP Cellulose Group LLC (“Purchaser”) and Buckeye (the“Merger Agreement”).More than 84% of the total outstanding shares of Buckeye common stock eligibleto vote as of the July 8, 2013 record date were voted in favor of the adoptionof the merger agreement. Buckeye stockholders also approved the non-bindingadvisory proposal regarding merger-related compensation with a vote of morethan 83% of the total outstanding shares of Buckeye common stock eligible tovote as of the July 8, 2013 record date.Upon the closing of the transaction, Buckeye will become an indirect,wholly-owned subsidiary of Georgia-Pacific, and Buckeye stockholders (otherthan Buckeye stockholders who have properly exercised rights of appraisal)will be entitled to receive $37.50 in cash, without interest and subject toany withholding of taxes required by applicable law, for each share of Buckeyecommon stock owned at the time of the transaction's closing.Consummation of transaction remains subject to the expiration or terminationof the waiting period under the Hart-Scott-Rodino Antitrust Improvements Actof 1976, as amended, along with the satisfaction of other customary closingconditions.Headquartered in Memphis, Tenn.,