OTHER NEWS - Nov. 10, 1995
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Georgia-Pacific to Buy Domtar Unit: Atlanta-based Georgia-Pacific Corp., cementing its status as North America’s third-largest wallboard manufacturer, said it agreed to buy Domtar Inc.’s gypsum wallboard business for $350 million in cash. Georgia-Pacific, the paper and forest product concern that has been scouring scores of potential acquisition targets for more than a year, will acquire Montreal-based Domtar’s 18 plants in the United States and Canada and almost double the size of its wallboard operations. Wallboard is used in the building of homes and offices. Georgia-Pacific stock closed down 75 cents at $80.125 and Domtar was up 12.5 cents at $9.625, both in New York Stock Exchange trading. The acquisition is subject to antitrust review and approval.
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