KapStone To Acquire Victory Packaging
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Kapstone (KS) to Acquire Victory Packaging in Net $515M Deal
May 5, 2015 7:17 AM EDTKapstone (NYSE: KS) and Victory Packaging/Golden State Container jointly announced that they have signed an agreement for KapStone to acquire the assets of Victory Packaging in a cash-free, debt-free transaction for $615 million in cash, subject to post-closing adjustments. In addition, two contingent earnouts totaling $45 million could be payable two and a half to four years after the close and are based on the continued strong growth of the business. Closing of the acquisition is subject to a number of customary conditions, including regulatory review.
The structure of the transaction will... More
