GRAPHIC PACKAGING HOLDING COMPANY (NYSE:GPK) Files An 8-K Other EventsItem 8.01Other Events.
On November 22, 2017, the U.S. Federal Trade Commission granted early termination, effective immediately, of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the previously announced transaction to the terms of the Transaction Agreement (the “Transaction Agreement”) by and among Graphic Packaging Holding Company, a Delaware corporation (the “Company”), International Paper Company, a New York corporation (“IP”), Gazelle Newco LLC (now known as Graphic Packaging International Partners, LLC), a Delaware limited liability company and wholly owned subsidiary of the Company (“Newco”), and Graphic Packaging International, Inc., a Delaware corporation and wholly owned subsidiary of the Company.
The early termination of the waiting period under the HSR Act satisfies one of the conditions to consummation of the transactions contemplated by the Transaction Agreement (the “Transactions”) and to which, among other things, IP will transfer ownership of its North America consumer packaging business to Newco. The consummation of the Transactions remains subject to the satisfaction or waiver (to the extent permitted by applicable law) of the remaining conditions set forth in the Transaction Agreement.
About GRAPHIC PACKAGING HOLDING COMPANY (NYSE:GPK)
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, Flexible Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s approximately seven North American paperboard mills, which produce primarily coated unbleached kraft (CUK) and coated recycled board (CRB). The Americas Paperboard Packaging segment includes paperboard packaging folding cartons sold primarily to consumer packaged goods (CPG) companies serving the food, beverage and consumer product markets in the Americas. The Europe Paperboard Packaging includes paperboard packaging folding cartons sold primarily to CPG companies serving the food, beverage and consumer product markets in Europe. The Corporate and Other segment includes the Pacific Rim operating segment.
