- News & Publications
- Press Releases
- Carter, Ledyard & Milburn Assists Bowater Inc. in Sale of Catawba Timberlands
Director of Marketing
Carter Ledyard & Milburn LLP
CARTER, LEDYARD & MILBURN ASSISTS BOWATER INC. IN SALE OF CATAWBA TIMBERLANDS
NEW YORK, January 31, 2002 -- The Wall Street law firm Carter, Ledyard & Milburn announced that it had represented Bowater Incorporated (NYSE: BOW), a leading paper company, in the sale of approximately 265,000 acres of its Catawba timberlands located in Georgia, Tennessee and North and South Carolina to investors and affiliates of Wachovia Timberland Investment Management Group, a business unit of Wachovia Bank, N.A., and John Hancock Life Insurance Company, for approximately $230 million, consisting of cash and notes.
Carter, Ledyard & Milburn corporate partners Peter P. McN. Gates and Richard G. Pierson, tax partner Howard J. Barnet, Jr., and associates James D. Reardon and Patrick D. Bowman, assisted Bowater's General Counsel Anthony H. Barash and Associate General Counsel Harry F. Geair with the transaction. Working together with Carter, Ledyard was local counsel, Harvey Templeton, of Cleveland, Tennessee. Stephen B. Schrock, of Powell, Goldstein, Frazer & Murphy LLP and C. Glenn Dunaway, of Mazursky & Dunaway, LLP, each in Atlanta, Georgia, represented Wachovia Timberland Investment Management Group. Mark Pottorff and Sharon Duvall, of Smith Gambrell & Russell, in Atlanta, Georgia, and Richard E. Teller, of Sullivan & Worchester, in Boston, Massachusetts, represented John Hancock Life Insurance Company.
Bowater Incorporated, headquartered in Greenville, SC, is a global leader in newsprint. In addition, the company makes coated and uncoated groundwood papers, bleached kraft pulp and lumber products. The company has 12 pulp and paper mills in the United States, Canada and South Korea and 13 North American sawmills that produce softwood and hardwood lumber. Bowater also operates a facility that converts a groundwood base sheet to coated products. Bowater is one of the world's largest consumers of recycled newspapers and magazines. Bowater common stock is listed on the New York Stock Exchange, U.S. regional exchanges and the London Stock Exchange. A special class of stock exchangeable into Bowater common stock is listed on the Toronto Stock Exchange (TSE: BWX).
Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.
Carter Ledyard Counsel Valentino Vasi was quoted in a January 5, 2018 Ignites article regarding 2018 cybersecurity trends to watch for in the mutual fund industry.
Carter Ledyard is pleased to announce that Melissa Erwin and Karen Meara will become counsel to the firm effective January 1, 2018
Carter Ledyard Partner Pang Zhang-Whitaker is presenting a series of 8 weekly talks on “Chinese cross border investments in the US – law and practice" for the China Council for the Promotion of International Trade…
Carter Ledyard represented the East River Fifties Alliance (“ERFA”) in its successful though controversial application to amend the New York City Zoning Resolution to prevent the development of ultra-tall towers…
On November 1, Carter Ledyard client CooperSurgical, Inc. completed its previously announced purchase of the assets and global rights and business of the PARAGARD® Intrauterine Device (IUD) product from Teva…
On behalf of its client, Suffolk County, Carter Ledyard successfully defeated an application by certain oceanfront property owners on Fire Island to preliminarily enjoin the County from acquiring easements on their…
Carter Ledyard partner, Steven Paul McSloy, spoke on Federal Indian law and policy at the California Tribal College’s Certificate Program in Tribal Leadership & Governance at Yocha Dehe Wintun Nation in Brooks,…
Carter Ledyard & Milburn LLP is pleased to announce that Ahsaki Benion has joined the firm as a Counsel in our Tax Exempt Organizations practice.
On January 16, 2016, after years of intense negotiations and numerous interim agreements, the United States, the United Kingdom, Germany, France, Russia and China (the five permanent members of the United Nations Security…
CL&M client Global SC Finance SRL completed a refinancing of an existing series of asset backed notes involving an extension of the maturity and increase in the aggregate principal amount.
Carter Ledyard helped one of its merchant cash advance clients prevail in a litigation in which a merchant sought to vacate a judgment entered against it by our client based on an affidavit of confession of judgment.
Ten basic considerations for carrying out environmental due diligence
Carter Ledyard & Milburn LLP is pleased to announce that Charles G. Berry joined the firm as a partner in its Litigation Department. Mr. Berry represents US and foreign banks and businesses, and has achieved many trial,…