Friday, September 7, 2007

Boise unrolls paper and packaging units via SPAC

Chicago private-equity firm Madison Dearborn Partners said this morning that its Boise Cascade unit has agreed to sell its paper, packaging and newsprint segments to a publicly traded shell company for $1.625 billion.

The sale to Aldabra 2 Acquisition Corp. offers a fast way to return the Boise Cascade operations to public ownership.

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