King & Spalding lawyers Alan J. Prince and Anne M. Cox led a 16-lawyer team representing debt-laden Cellu Tissue Holdings Inc. in its agreement to be purchased in a deal worth $502 million.
Clearwater Paper Corp., based in Spokane, Wash., in an all-cash transaction will acquire all the outstanding common stock of Cellu Tissue, valued at about $247 million, and assume approximately $255 million of the Georgia company’s debt.
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