t. Laurent Paperboard Inc
SPI
Shares issued 49,344,781
2000-02-21 close $23.95
Tuesday Feb 22 2000
The Financial Post reports in its Tuesday edition that one of three United States
forest products giants is likely to buy St. Laurent Paperboard, the Montreal-based
packaging products group, within a few days for $28 to $30 a share or
$1.4-billion to $1.5-billion, according to analysts. Reporter Robert Gibbens says
that of the three, Weyerhaeuser, an aggressive acquisitor under the leadership of
Steven Rogel, is in the lead, according to the analysts, followed by Georgia
Pacific, the second-biggest U.S. forest products group, and Smurfit-Stone
Container, the leading U.S. packaging company, which owns MacMillan Bathurst
in Canada. While the analysts do not rule out Finland's Metsae-Serla, they do
regard International Paper as a long shot. St. Laurent shares rose 45 cents to
close at $23.80 on the Toronto Stock Exchange. The stock has doubled in the
past year, with recovery in containerboard prices and due to takeover talk.
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