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

Similar abstracts:

• Abstracts: Kvaerner swung to pretax profit in first quarter. Kvaerner returned to pretax profit in the first half. Kvaerner says it could run out of money soon
• Abstracts: Bolivia nationalization puts investors off balance. Argentina squeezes bondholders. Argentina howls as employers beat a path to Brazil
• Abstracts: Dot-com dip makes those taking the leap think twice. AOL Time Warner planning to slash more than 2,000 jobs. Yahoo plans to cut 400 jobs in a bid to renew growth
• Abstracts: BMW plans to step up its operations in Russia. France plans to slash its stake in Renault. Fiat begins talks to buy Irisbus stake from Renault
• Abstracts: Deutsche Bank takes Unicredito stake. Deutsche Bank poised to win Bankers Trust

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.