Firm Shut Three Plants Move a Leased Facility < > Stelco Inc. it three Toronto-area plants their fastener operations a leased facility Brantford Ontario. The company the fastener business severe cost pressures some time Sentencenumber : 2 The fasteners nuts bolts the North American auto market. Sentencenumber : 3 A company spokesman the impact the closures earnings. Sentencenumber : 4 He the new facility 5 the 6 employees. Sentencenumber : 5 The steelmaker 16 people. Stelco Sentencenumber : 6 it an option a 35,-square-foot building Brantford 24.5 million Canadian dollars US$2.9 million the facility. Sentencenumber : 7 The three existing plants their land sold. < HL > Business Brief Sentencenumber : 8 First Security Corp. Tentative Accord Formed Buy Deseret Bancorp. < > Security Corp. it Deseret Bancorp. stock $18 million. Terms Sentencenumber : 9 First Security .55 share its stock each Deseret share a total 55 First Security shares. Sentencenumber : 10 It 12.3 million shares outstanding. Deseret Sentencenumber : 11 $1 million assets the parent the Deseret Bank which six offices headquarters Pleasant Grove Utah. The purchase price 1.65 times Deseret $1.7 million book value assets less liabilities. Salt Lake City-based Sentencenumber : 12 Security $5.4 billion assets the agreement shareholder regulatory approval it the transaction early next year. < HL > Georgia-Pacific Bid Gets Cool Response Sentencenumber : 13 Stock Price Target Nekoosa Soars ---- This article James R. Schiffman Atlanta Randall Smith Bill Paul New York < > Georgia-Pacific Corp. 's unsolicited $3.19 billion bid Sentencenumber : 14 Great Northern Nekoosa Corp. Wall Street a cool reception the target company. William R. Laidig Sentencenumber : 15 Nekoosa 's chairman chief executive officer president the $58-a-share bid uninvited Nekoosa 's board the offer due course ". T. Marshall Hahn Jr. Sentencenumber : 16 Georgia-Pacific 's chairman chief executive an interview all terms the offer negotiable. Sentencenumber : 17 He he Mr. Laidig whom he a friend telephone Monday evening ". Sentencenumber : 18 I we further discussions Mr. Hahn said. Sentencenumber : 19 Wall Street takeover stock traders Nekoosa 's stock the Georgia-Pacific bid Nekoosa 's a rival bidder Georgia-Pacific a higher price $75 a share some estimates. Yesterday Sentencenumber : 20 Nekoosa common composite New York Stock Exchange $62.875 $2.125 volume 6.3 million shares. Georgia-Pacific Sentencenumber : 21 $2.5 $5.875 Big Board trading. Takeover stock traders Sentencenumber : 22 the junk-bond market disarray Georgia-Pacific 's bid an indication the takeover game industrial companies bidding one another financial buyers leveraged buy-out firms a disadvantage obtaining financing Sentencenumber : 23 The way the world the strategic buyer the rule the financial buyer the exception one trader. Sentencenumber : 24 the paper industry most analysts the deal a wave paper-company takeovers such companies Union Camp Corp. Federal Paperboard Co. Mead Corp. The analysts Georgia-Pacific 's offer the first hostile major players the paper industry the unwritten taboo hostile bids managements the industry 's several attractive takeover candidates ". Consolidation Sentencenumber : 25 long overdue. Sentencenumber : 26 It the culture the industry that it happening. Sentencenumber : 27 The Georgia-Pacific offer the landscape Gary Palmero Oppenheimer & Co. Added Mark Rogers Prudential-Bache Securities Inc. It second ". Sentencenumber : 28 A Georgia-Pacific acquisition Nekoosa the largest U.S. forest-products company. Sentencenumber : 29 1988 sales Georgia-Pacific third $9.51 billion Weyerhaeuser Co. $1 billion International Paper Co. $9.53 billion. Nekoosa Sentencenumber : 30 11th sales $3.59 billion. Sentencenumber : 31 The combined company 1988 sales $13.1 billion. Sentencenumber : 32 such a combination great risks. Sentencenumber : 33 a time most analysts industry consultants pulp paper prices a dive capacity debt Georgia-Pacific the industry the company expects. Sentencenumber : 34 any unexpected strengthening the dollar Georgia-Pacific two Nekoosa 's major product lines containerboard which boxes market pulp large quantities Sentencenumber : 35 Nobody deep the cycle Rod Young vice president Resource Information Systems Inc. a Bedford Mass. economic-forecasting firm ". Sentencenumber : 36 you it that debt ". One person Sentencenumber : 37 Georgia-Pacific the acquisition the company 's debt $3 billion. Sentencenumber : 38 It a drag Georgia-Pacific earnings the $1.5 billion goodwill the amount which the bid Nekoosa $1.5 billion earnings a period decades. Georgia-Pacific 's Mr. Hahn Sentencenumber : 39 a combined operation savings many ways. Sentencenumber : 40 The two companies each produce market pulp containerboard white paper. Sentencenumber : 41 That goods customers shipping costs he said. Sentencenumber : 42 production runs inefficiencies adjusting machinery production cycles. Sentencenumber : 43 Georgia-Pacific money selling pulp the company its own sales organization Nekoosa higher-cost agents. Mr. Hahn Sentencenumber : 44 Georgia-Pacific its strategy a significant downturn the pulp paper industry an event he earnings. Sentencenumber : 45 he those conditions the company a savings tens millions dollars the first year a merger ". Sentencenumber : 46 The fit we this a time opportunity he said. Georgia-Pacific Sentencenumber : 47 which its stock-repurchase program the acquisition all bank debt banks BankAmerica Corp. Georgia-Pacific 349,9 Nekoosa shares federal antitrust clearance $15 million worth. U.S. clearance Sentencenumber : 48 the proposed acquisition. Sentencenumber : 49 Nekoosa defense options the precarious state the junk-bond market which much value the target a debt-financed recapitalization. Sentencenumber : 50 The company 's chairman Mr. Laidig a group advisers the offices Wachtel Lipton Rosen & Katz a law firm takeover defense. Nekoosa Sentencenumber : 51 Goldman Sachs & Co. Georgia-Pacific 's advisers Wasserstein Perella & Co. which a $15 million fee the takeover the law firm Shearman & Sterling. People Nekoosa its board the week the bid. Sentencenumber : 52 The board 1 business days Sentencenumber : 53 addition the usual array defenses a so-called poison pill a staggered board Nekoosa another takeover defense a Maine state law barring hostile bidders acquired businesses five years. Nekoosa Sentencenumber : 54 Maine. Georgia-Pacific a lawsuit federal court Maine the poison pill the Maine merger law. Nekoosa 's poison pill Sentencenumber : 55 shareholders it Georgia-Pacific such a course that 9 12 days the provisions the Maine law. Sentencenumber : 56 companies analysts possible counterbidders Nekoosa International Paper Weyerhaeuser Canadian Pacific Ltd. MacMillan Bloedel Ltd Sentencenumber : 57 I everybody