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Monday, September 16, 2013

Great long trade : Boise (BZ) +35%

  • BZ:  As of October 25, 2013, Boise Inc. has been acquired by Packaging Corporation of America (NYSE: PKG).

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Lake Forest, Illinois-based Packaging Corp. will pay $1.27B, or $12.55 per share, a 26 percent premium to Boise (BZ)'s 9.96 Friday closing price.

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