ATLANTA, Oct. 17,
2023 /PRNewswire/ -- Veritiv Corporation (NYSE:
VRTV), a leading full-service provider of business-to-business
products, services and solutions, held a special meeting of
stockholders earlier today at which Veritiv stockholders voted in
favor of all proposals, including a proposal to approve the
Company's pending acquisition by an affiliate of Clayton, Dubilier & Rice, (CD&R).
"We are pleased with the results of the special meeting, and we
thank our stockholders for their strong support for this
transaction," said Sal Abbate, Chief
Executive Officer of Veritiv. "We look forward to closing the
transaction later in the fourth quarter."
Closing of the transaction is subject to customary closing
conditions including the receipt of required regulatory
approval. The voting results of the Veritiv Corporation
special meeting will be reported in a Form 8-K to be filed by
Veritiv Corporation with the U.S. Securities and Exchange
Commission.
About Veritiv
Veritiv Corporation (NYSE: VRTV), headquartered in Atlanta, is a leading full-service provider of
packaging, JanSan and hygiene products, services and solutions.
Additionally, Veritiv provides print and publishing products.
Serving customers in a wide range of industries both in
North America and globally,
Veritiv has distribution centers throughout the U.S. and
Mexico, and team members around
the world helping shape the success of its customers. For more
information about Veritiv and its business segments
visit www.veritiv.com.
Safe Harbor Provision
This communication contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended, which include all statements that do not relate
solely to historical or current facts, such as statements regarding
Veritiv's expectations, intentions or strategies regarding the
future, including strategies or plans as they relate to the
proposed acquisition of Veritiv by CD&R. These forward-looking
statements are and will be, subject to many risks, uncertainties
and factors which may cause future events to be materially
different from these forward-looking statements or anything implied
therein. These risks and uncertainties include, but are not limited
to: uncertainties as to the timing of the proposed acquisition; the
timing, receipt and terms and conditions of any required
governmental or regulatory approvals of the acquisition that could
reduce the anticipated benefits of or cause the parties to abandon
the proposed acquisition; risks related to the satisfaction of the
conditions to closing the proposed acquisition in the anticipated
timeframe or at all; the risk that any announcements relating to
the acquisition could have adverse effects on the market price of
Veritiv's common stock; disruption from the acquisition making it
more difficult to maintain business and operational relationships,
including retaining and hiring key personnel; the occurrence of any
event, change or other circumstances that could give rise to the
termination of the definitive merger agreement entered into between
Veritiv and affiliates of CD&R, including in certain
circumstances requiring Veritiv to pay a termination fee; risks
related to disruption of management's attention from Veritiv's
ongoing business operations due to the acquisition; significant
transaction costs; the risk of litigation and/or regulatory actions
related to the proposed acquisition; global economic conditions;
adverse industry and market conditions; the ability to retain
management and other personnel; and other economic, business, or
competitive factors, including factors described in Veritiv's
filings with U.S. Securities and Exchange Commission (the "SEC").
While the list of risks and uncertainties presented here is, and
the discussion of risks and uncertainties presented in the proxy
statement that Veritiv filed with the SEC in connection with the
proposed acquisition are considered representative, no such list or
discussion should be considered a complete statement of all
potential risks and uncertainties. Unlisted factors may present
significant additional obstacles to the realization of
forward-looking statements. Consequences of material differences in
results as compared with those anticipated in the forward-looking
statements could include, among other things, business disruption,
operational problems, financial loss, and legal liability to third
parties and similar risks, any of which could have a material
adverse effect on the completion of proposed acquisition and/or
Veritiv's consolidated financial condition, results of operations,
credit rating or liquidity. In light of the significant
uncertainties in these forward-looking statements, Veritiv cannot
assure you that the forward-looking statements in this
communication will prove to be accurate, and you should not regard
these statements as a representation or warranty by Veritiv, its
directors, officers or employees or any other person that Veritiv
will achieve its objectives and plans in any specified time frame,
or at all. Any forward-looking statements in this communication are
based upon information available Veritiv on the date of this
communication. Subject to applicable law, Veritiv does not
undertake to publicly update or revise its forward-looking
statements.
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SOURCE Veritiv Corporation
