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Antitrust Waiting Period Over for Clearwater Paper to Acquire Cellu Tissue

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Clearwater Paper Corp., Spokane, Wash., USA, announced the completion of the 30-day waiting period for antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the company's acquisition of Cellu Tissue Holdings, Inc.

Clearwater Paper announced in September that it had entered into an agreement to acquire Cellu Tissue for $12.00 in cash for each share of Cellu Tissue common stock.

Boards of directors at both companies have approved the acquisition, which is subject to approval by Cellu Tissue's stockholders and other closing conditions. The acquisition is expected to close in the fourth quarter.