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Veritiv says shareholders approve buyout by Clayton, Dubilier & Rice

ATLANTA (News release) -- Veritiv Corporation, a leading full-service provider of business-to-business products, services and solutions, held a special meeting of stockholders 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.

In August, Veritiv agreed to be acquired by an affiliate of Clayton, Dubilier & Rice, LLC, for $170 per share in cash.

Upon the completion, Veritiv will become a privately held company and shares of Veritiv common stock will no longer be listed on any public markets.


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