News

Veritiv Stockholders Approve Sale

Veritiv Corp. stockholders have voted in favor of a proposal to approve the company’s pending acquisition by an affiliate of Clayton, Dubilier & Rice (CD&R).

Under the terms of the agreement announced earlier this year, each share of Veritiv common stock will be entitled to receive US$170 per share in cash. The transaction would represent a nearly 31% premium over Veritiv’s 30-day, volume-weighted average price of $129.89. Upon the successful completion of the transaction, Veritiv will become a privately held company.

“We are pleased with the results of the special meeting, and we thank our stockholders for their strong support for this transaction,” said Sal Abbate, Veritiv CEO. “We look forward to closing the transaction later in the fourth quarter.”

About Veritiv
Sandy Springs, Georgia-based Veritiv Corp. markets and distributes facility maintenance supplies, packaging systems, and printing and business-imaging papers throughout North America. For more information, visit www.veritivcorp.com.