In a new 13G filing, Howard Marks
and his fund Oaktree Capital Management
reported a position in Newpage Holdings Inc
., which represents 19.4% of the company. The stake held by Oaktree
amasses 1.37 million shares of the Newpage
Holdings Inc.' common stock. Verso Paper Corp. (NYSE:VRS
), a producer of coated papers, has agreed to acquire Newpage
Holdings Inc. in
a transaction valued at $1.4 billion.
Newpage Holdings Inc
a producer of printing and specialty papers in North America. The company, headquartered in Miamisburg, Ohio, owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. All mills have a total annual production capacity of about 3.5 million tons of paper, according to the company.
Upon closing of the deal, the combined company will have sales of about $4.5 billion and 11 manufacturing facilities located in six states, according to a news release
. The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to close in the second half of 2014, subject to regulatory approvals.
, in a separate 13G filing, reported a position in Capital Product Partners LP (NASDAQ:CPLP)
, representing 6.9% of the company. According to the filing, the fund owns around 5.04 million common units representing limited partnership interests of Capital Product Partners LP (NASDAQ:
CPLP). As of September 30, 2013, the fund owned 944,988 shares of the company.
Capital Product Partners LP (NASDAQ:
CPLP) is an international diversified shipping company and leader in the seaborne transportation of a wide range of cargoes, including oil, refined oil products and chemicals as well as dry cargo and containerized goods.
In addition, Oaktree
, in another filing, disclosed ownership of 5.36 million shares of Masonite International Corp. (NYSE:DOOR)
. The position represents 17.9% of the company, which designs and manufactures interior and exterior doors.
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