xpedx Holding Files $1.32B Common for Spin from Int'l Paper (IP)
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(Updated - February 14, 2014 3:32 PM EST)
xpedx Holding Company filed a registration with the U.S. SEC for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $1.32 billion.
The following was included with the S-1 filing:
This prospectus is being furnished in connection with the planned distribution by International Paper Company (NYSE: IP) on a pro rata basis to its shareholders of all the shares of common stock of its wholly-owned subsidiary xpedx Holding Company (“SpinCo”) outstanding prior to the Merger described below. SpinCo will own and operate xpedx, the business-to-business distribution business of International Paper (“xpedx”). We refer to such planned distribution as the “Distribution” or “spin-off.” Immediately following the Distribution, UWW Holdings, Inc. (“UWWH”) will merge with SpinCo, with SpinCo continuing as the surviving corporation (the “Merger”).
xpedx Holding Company filed a registration with the U.S. SEC for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $1.32 billion.
The following was included with the S-1 filing:
This prospectus is being furnished in connection with the planned distribution by International Paper Company (NYSE: IP) on a pro rata basis to its shareholders of all the shares of common stock of its wholly-owned subsidiary xpedx Holding Company (“SpinCo”) outstanding prior to the Merger described below. SpinCo will own and operate xpedx, the business-to-business distribution business of International Paper (“xpedx”). We refer to such planned distribution as the “Distribution” or “spin-off.” Immediately following the Distribution, UWW Holdings, Inc. (“UWWH”) will merge with SpinCo, with SpinCo continuing as the surviving corporation (the “Merger”).
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