NewPage to Acquire Stora Enso North America

NewPage Corp. and Stora Enso Oyj have signed a definitive agreement under which the former’s parent company, NewPage Holding Corp., will acquire Stora Enso’s paper manufacturing operations in North America. Stora Enso is to receive approximately $1.5 billion in cash, a $200 million note and a 19.9% equity interest in the new company.