Wichita, KS, December 20, 2005--Koch Industries Inc., said it had completed a tender offer for the outstanding shares of Georgia-Pacific Corp., with more than 89 percent of the stock tendered by the deadline.
Koch said it would exercise an option to buy newly issued Georgia-Pacific shares to give it at least a 90 percent stake in the company and then complete the acquisition through a short-form merger.
Koch is paying $48 per share in cash for Georgia-Pacific.
