RICHMOND, Va., June 23 /PRNewswire/ -- James River Corporation (NYSE: JR)
announced today that its Board of Directors has fixed August 12, 1997 as the
date for the special meeting of shareholders of James River in connection with
the merger agreement recently signed by James River and Fort Howard
Corporation. The close of business on June 30, 1997 has been set as the
record date for this meeting.
A proxy statement in connection with the special meeting is expected to be
distributed to the company's shareholders no later than July 15, 1997. In
addition to the approval of shareholders, the closing of the merger is
conditioned, among other things, on receiving regulatory clearances in the
United States and Europe.
James River Corporation, headquartered in Richmond, Va., is a leading
marketer and manufacturer of paper-based consumer products, packaging, and
business, printing and converting papers. James River markets such leading
brands as Quilted Northern bathroom tissue, Brawny paper towels, Vanity Fair
napkins, and Dixie cups and plates in North America, and Lotus bathroom
tissue, towels, and facial tissue in Europe. The company also markets Quilt-
Rap sandwich wrap, Qwik Wave microwave packaging, and Eureka! and Word Pro
copy papers. James River's current annual sales rate is approximately $5.7
billion.
SOURCE James River Corporation
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CONTACT:
media, Richard B. Elder, 804-343-4785, or
financial, Celeste Gunter, 804-649-4307, both of James River
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