SCA's acquisition of Tuscarora Incorporated approved

  • Regulatory press release

SCA's acquisition of Tuscarora Incorporated approved At a Special Meeting of Tuscarora's shareholders held today, SCA's acquisition of the American packaging company was formally approved. As a result, the transaction can now be concluded. The purchase price for all of the shares of Tuscarora is USD 230 M, corresponding to USD 21.50 per share. The Board had previously recommended that shareholders accept the offer. The financial results of the new operations will be consolidated in SCA's accounts as of the second quarter. Stockholm, 9 March 2001 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Communications and Investor Relations For further information, please contact: Sverker Martin-Löf, President and CEO, Phone +46-70 574 88 08 Peter Nyquist, Vice President Communications and Investor Relations, Phone +46-70 575 29 06 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Communications and Investor Relations Box 7827, SE-103 97 STOCKHOLM, Sweden Tel +46 8-788 51 00, Fax +46 8-678 81 30 www.sca.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/09/20010309BIT00690/bit0001.doc http://www.bit.se/bitonline/2001/03/09/20010309BIT00690/bit0001.pdf