
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, March 8, 1990                   TAG: 9003081589
SECTION: BUSINESS                    PAGE: C-9   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

G-P SAYS NEKOOSA BUYOUT 97% DONE

Georgia-Pacific Corp. reported Wednesday that it has completed its tender offer for the shares of Great Northern Nekoosa Corp. G-P offered $65.75 a share, for a total of $3.8 billion. With the tender of 97.3 percent of Great Northern shares, that company will become a G-P subsidiary "very soon," said a spokeswoman for the Atlanta company.

G-P expects to contact the owners of the remaining 2.7 percent of Great Northern shares in the next two to three months. Great Northern directors agreed to accept the G-P buyout offer last month. - Staff report

by CNB