Stora, Enso to put legal headquarters in Finland to save taxes for holders

Article Abstract:

Stora AB of Sweden and Enso Oy of Finland have agreed to locate their legal headquarters in Finland after the completion of their merger. The decision by Stora and Enso is aimed to evade as much as 250 million Swedish kronor ($32 million) per year in taxes for its Finnish shareholders, who are exempt from dividend taxes. The combined company, to be called Stora Enso, is set to consist of two separate firms as Stora will remain in its Swedish headquarters, while Enso's headquarters will remain in Finland.

Comment:

Agrees w/ Stora AB to locate their legal headquarters in Finland after the completion of their merger

Organizational history, Sweden, Stora AB, Article, Enso Oy

Stora Enso Acquires Consolidated Papers

Article Abstract:

Finland's paper and forest products company Stora Enso Oy acquires United States-based Consolidated Papers Inc., for $4.9 billion. When completed, the new merged company would be the largest board and paper company in the world.

General services, Paper & Paperboard, Pulp, Paper, and Paperboard Mills, Paper products industry, Consolidated Papers Inc., CDP, Stora Enso Oyj

Williamette Industries weighs offer from Weyerhaeuser

Article Abstract:

Weyerhaeuser Co. has made an offer to acquire Willamette Industries Inc. for $7 billion (8.12 billion euros). Wayerhaeuser made a previous offer of $48 per share in cash that was turned down by Willamette.

LUMBER AND WOOD PRODUCTS, Wood & Wood Products, Wood Product Manufacturing, Weyerhaeuser Co., Willamette Industries Inc., WY, WLL, Forest products industry