Graphic Packaging shareholders to vote Jan. 17 on merger

By Lisa Kerner

Charlotte, N.C., Dec. 10 - Graphic Packaging Corp. will hold a special meeting of stockholders on Jan. 17 at 10 a.m. ET in Atlanta.

Shareholders will be asked to vote on the company's proposed merger with Altivity Packaging LLC and its equity holder Bluegrass Container Holdings, LLC.

It was previously reported that under the companies' definitive agreement, each existing share of Graphic Packaging common stock will be converted into a share of common stock in the new company. Affiliates of TPG Capital, the majority owner of Altivity, along with the management owners of the company, will contribute all of their equity interests in Altivity's holding company to the new company in exchange for shares of the new company's common stock.

Following the merger, the new company will be known as Graphic Packaging Holding Co. and will trade under the New York Stock Exchange ticker symbol "GPK."

Graphic Packaging is a paperboard packaging solutions provider located in Marietta, Ga.

Chicago-based Altivity is a privately held producer of folding cartons.

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