Early Termination of Hart-Scott-Rodino Received for SCA Acquisition of Wausau
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SCA, Sweden, a global hygiene and forest products company, and Wausau Paper Corp., Mosinee, Wis., USA, an Away-from-Home tissue company, this week announced early termination of the waiting period required under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with SCA’s agreement to acquire Wausau Paper for $10.25 per share, or a total consideration of $513 million (approximately SEK 4.2 billion) in cash.
As previously announced on Oct. 13, 2015, the acquisition is a strategic fit for SCA and strengthens the company’s presence in North America. The Wausau Paper portfolio complements SCA’s offerings in North America and gives the company access to premium tissue production in the region. The combined operations will provide SCA and Wausau customers with access to a comprehensive portfolio of food service offerings and premium tissue and washroom products.
The transaction is expected to close during the first quarter of 2016, subject to approval by the Wausau Paper shareholders and other customary closing conditions.
