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Buckeye Technologies Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Georgia-Pacific

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Buckeye Technologies, Inc. (“Buckeye”) (NYSE: BKI) to Georgia-Pacific LLC for shareholders. Under the terms of the proposed deal valued at approximately $1.5 billion including debt, Buckeye shareholders will only receive $37.50 in cash for each share of Buckeye stock owned, well below at least one analyst’s estimated value of $40.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via email at zach@powerstaylor.com. There is no cost or fee to you.

The Buckeye sale investigation centers on whether Buckeye’s shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Buckeye’s stock, and whether Buckeye’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance has estimated that the true inherent value of Buckeye stock could be as high as $40.00 per share. According to shareholder rights attorney Patrick Powers, “due to the size of the deal, analysts’ estimates, the lack of a significant premium and other factors, we believe this transaction may undervalue Buckeye’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Contacts:

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

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