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To: richardred who wrote (35)3/12/2017 11:53:26 AM
From: richardred  Respond to of 64
 
Merged xpedx and Unisource company will be Veritiv
Jun 11, 2014, 6:34am CDT

Michael Sheffield Senior Reporter Memphis Business Journal


The combined company consisting of xpedx and Unisource Worldwide Inc., will be known as Veritiv Corp., which will be traded on the New York Stock Exchange beginning July 1.

The merger, which was announced in April 2013, is a $400 million deal. Veritiv will have an estimated 9,500 employees across 170 distribution centers in North America and more than $9 billion in expected revenue. The company will be based in Atlanta, but will operate offices in Loveland, Ohio and Norcross, Ga. International Paper is expected to own an estimated 51 percent of the shares of xpedx Holding, while UWW Holdings Inc., parent company of Unisource, will hold 49 percent.

International Paper shareholders will receive more than 8.16 million shares of Veritiv common stock, and any shareholder of International Paper common stock will be entitled to receive a number of shares of Veritiv common stock on the distribution date, July 1.

Veritiv will be listed under the symbol, VRTV beginning July 2.

bizjournals.com