Eight Diamonds Advisors
Special situations, event-driven, contrarian, research analyst

International Paper's Spin-Off And Its Subsequent Merger Creates Veritiv, A Prime Short Candidate

Executive summary

In 1999, Georgia-Pacific Corporation ("Georgia-Pacific") bought Unisource Worldwide ("UWW") for USD842.4 million in cash plus about USD400 million in assumed debt. About three years later, in 2002, Georgia-Pacific sold a 60% stake in UWW to Bain Capital.

Fast forward nearly 12 years, to June 2014, and UWW's parent, UWW Holdings, ...

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