RICHMOND, Va., July 7 /PRNewswire/ -- James River Corporation announced
today that on July 3, 1997, both James River and Fort Howard Corporation
certified to their substantial compliance with the U.S. Department of
Justice's request for additional information and other documentary materials.
The Department of Justice request for additional information was issued on
June 6, 1997, in connection with its review of the proposed merger between
James River and Fort Howard. Substantial compliance with the "second request"
starts the 20 calendar day waiting period under the Hart-Scott-Rodino Act,
unless otherwise extended by the parties.
As previously reported, James River and Fort Howard have fixed August 12,
1997, as the date for their special meetings of shareholders to approve the
merger. The close of business on June 30, 1997, is the record date for these
meetings. Mailing of a joint proxy statement in connection with the special
shareholder meetings commenced on July 2, 1997.
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: Richard B. Elder, media, 804-343-4785, or Celeste Gunter, financial, 804-649-4307, both of James River
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