Wichita, KS, December 13, 2005--Koch Forest Products Inc., an indirect wholly owned subsidiary of Koch Industries Inc., said Monday it granted a four-day extension for its tender offer for all of the outstanding shares of Georgia-Pacific Corp.
Koch said the extension was related to certain conditions under Turkish competition laws.
The previously announced deal calls for Koch to acquire the shares at $48 net per share in cash or a total of $13.2 billion. Revenue for the combined company is expected to reach $80 billion, overtaking that of food and feed maker Cargill Inc., to make it the nation's largest privately held firm.
The tender offer is now set to expire on Thursday and is still subject to approval by European securities regulators.
Approximately 9.3 million Georgia-Pacific shares had been validly tendered as of Friday.
