Firm
 Shut Three Plants
 Move
 a Leased Facility <  > Stelco Inc.
 it
 three Toronto-area plants
 fastener operations
 a leased facility
 Brantford
 Ontario.
 The company
 the fastener business
 cost pressures
 some time

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 The fasteners
 nuts
 bolts
 the North American auto market.

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 A company spokesman
 the impact
 the closures
 earnings.

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 He
 the facility
 5
 the
 6 employees.

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 The steelmaker
 16
 people. Stelco

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 it
 an option
 a 35,-square-foot building
 Brantford
 24.5 million Canadian dollars
 US$2.9 million
 the facility.

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 The three existing plants
 land
 sold. < HL > Business Brief

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 First Security Corp.
 Tentative Accord Formed
 Buy Deseret Bancorp. <  >
 Security Corp.
 it
 Deseret Bancorp.
 stock
 $18 million. Terms

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 First Security
 .55 share
 stock
 each Deseret share
 a total
 55
 First Security shares.

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 It
 12.3 million shares Deseret

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 $1 million
 assets
 the parent
 the Deseret Bank
 which
 six offices
 headquarters
 Pleasant Grove
 Utah.
 The purchase price
 1.65 times Deseret
 $1.7 million book value
 assets
 less Salt Lake City-based

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 Security
 $5.4 billion
 assets
 the agreement
 shareholder
 approval
 it
 the transaction year. < HL > Georgia-Pacific Bid Gets Cool Response

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 Stock Price
 Target Nekoosa Soars ----
 This article
 James R. Schiffman
 Atlanta
 Randall Smith
 Bill Paul
 New York <  > Georgia-Pacific Corp. 's $3.19 billion bid

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 Northern Nekoosa Corp.
 Wall Street
 a reception
 the target company. William R. Laidig

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 Nekoosa 's chairman
 executive officer
 president
 the $58-a-share bid

 Nekoosa 's board
 the offer
 course ". T. Marshall Hahn Jr.

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 Georgia-Pacific 's chairman
 executive
 an interview
 all terms
 the offer
 negotiable.

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 He
 he
 Mr. Laidig
 whom
 he
 a friend
 telephone Monday evening ".

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 I
 we
 discussions
 Mr. Hahn said.

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 Wall Street
 takeover stock traders
 Nekoosa 's stock
 the Georgia-Pacific bid
 Nekoosa 's
 a bidder
 Georgia-Pacific
 a price
 $75
 a share
 some Yesterday

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 Nekoosa common
 New York Stock Exchange
 $62.875
 $2.125
 volume
 6.3 million shares. Georgia-Pacific

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 $2.5
 $5.875
 Big Board trading. Takeover stock traders

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 the market
 disarray
 Georgia-Pacific 's bid
 an indication
 the takeover game
 companies
 bidding
 one another
 buyers
 firms
 a disadvantage
 obtaining financing

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 The way
 the world
 the buyer
 the rule
 the buyer
 the exception
 one trader.

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 the paper industry
 analysts
 the deal
 a wave
 paper-company takeovers
 companies
 Union Camp Corp.
 Federal Paperboard Co.
 Mead Corp.
 The analysts
 Georgia-Pacific 's offer
 the first hostile
 players
 the paper industry
 the taboo
 hostile bids
 managements
 the industry 's takeover candidates ". Consolidation

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 overdue.

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 It
 the culture
 the industry
 that
 it
 happening.

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 The Georgia-Pacific offer
 the landscape
 Gary Palmero
 Oppenheimer &
 Co. Added Mark Rogers
 Prudential-Bache Securities Inc.
 It
 second ".

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 A Georgia-Pacific acquisition
 Nekoosa
 the U.S. forest-products company.

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 1988 sales
 Georgia-Pacific
 third
 $9.51 billion
 Weyerhaeuser Co.
 $1 billion
 International Paper Co.
 $9.53 billion. Nekoosa

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 11th
 sales
 $3.59 billion.

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 The combined company
 1988 sales
 $13.1 billion.

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 a combination
 risks.

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 a time
 analysts
 industry consultants
 pulp
 paper prices
 a dive
 capacity
 debt
 Georgia-Pacific
 the industry
 the company expects.

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 any strengthening
 the dollar
 Georgia-Pacific
 two
 Nekoosa 's product lines
 containerboard
 which
 boxes
 market pulp
 quantities

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 Nobody
 the cycle
 Rod Young
 vice president
 Resource Information Systems Inc.
 a Bedford
 Mass.
 ".

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 you
 it
 that debt ". One person

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 Georgia-Pacific
 the acquisition
 the company 's debt
 $3 billion.

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 It
 a drag
 Georgia-Pacific earnings
 the
 $1.5 billion
 goodwill
 the amount
 which
 the bid
 Nekoosa
 $1.5 billion
 earnings
 a period
 Georgia-Pacific 's Mr. Hahn

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 a combined operation
 savings
 ways.

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 The two companies
 each produce market pulp
 containerboard
 paper.

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 That
 goods
 customers
 shipping costs
 he
 said.

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 production runs
 inefficiencies
 adjusting machinery
 production cycles.

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 Georgia-Pacific
 money
 selling pulp
 the company
 sales organization
 Nekoosa
 agents. Mr. Hahn

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 Georgia-Pacific
 strategy
 a
 downturn
 the pulp
 paper industry
 an event
 he
 earnings.

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 he
 those conditions
 the company
 a savings
 tens
 millions
 dollars
 the first year
 a merger ".

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 The fit
 we
 this
 a time
 opportunity
 he
 said. Georgia-Pacific

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 which
 stock-repurchase program
 the acquisition
 all bank debt
 banks
 BankAmerica Corp. Georgia-Pacific
 349,9 Nekoosa shares
 clearance
 $15 million worth. U.S. clearance

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 the proposed acquisition.

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 Nekoosa
 defense options
 the state
 the market
 which
 value
 the target
 a debt-financed recapitalization.

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 The company 's chairman
 Mr. Laidig
 a group
 advisers
 the offices
 Wachtel Lipton Rosen &
 Katz
 a law firm
 takeover defense. Nekoosa

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 Goldman
 Sachs &
 Co. Georgia-Pacific 's advisers
 Wasserstein
 Perella &
 Co.
 which
 a $15 million fee
 the takeover
 the law firm
 Shearman &
 Sterling. People
 Nekoosa
 board
 the week
 the bid.

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 The board
 1 business days

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 addition
 the array
 defenses
 a poison pill
 a staggered board
 Nekoosa
 another takeover defense
 a Maine state law barring hostile bidders
 acquired businesses
 five years. Nekoosa

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 Maine. Georgia-Pacific
 a lawsuit
 court
 Maine
 the poison pill
 the Maine merger law. Nekoosa 's poison pill

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 shareholders
 it
 Georgia-Pacific
 a course
 that
 9
 12 days
 the provisions
 the Maine law.

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 companies
 analysts
 counterbidders
 Nekoosa
 International Paper
 Weyerhaeuser
 Canadian Pacific Ltd.
 MacMillan Bloedel Ltd

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 I
 everybody

    Source: geocities.com/gaelmail