Weyerheaueser buying smurfit-stone?

Answer 1

Weyerhaeuser Co., one of North America's largest producers of forest products, sold off US$840 million in investment-grade bonds to pay off an estimated US$300 million acquired in debt after its Cedar River Paper Co. buyout, which closed July 2 of this year.

Weyerhaeuser purchased the Cedar Rapids, IA-based linerboard and corrugated medium mill, in which it already had a 50% equity stake, to take full ownership of its first 100% recycled operation. The mill, said to be a low-cost operation, consumes around 80% of old corrugated containers and 20% of recovered papers for its end products.