Unisource Worldwide Inc. and xpedx Agree to Merge
Following the spinoff of the new company to International Paper shareholders, UWW Holdings Inc. will immediately thereafter merge with and into the new company. Immediately following such a merger, Unisource will merge with xpedx. In connection with the merger, the shares of UWW Holdings Inc., will be converted into a number of shares of the new company such that, following the merger, approximately 51 percent of shares of the new public company will be owned by International Paper shareholders, with the remaining approximately 49 percent of shares held by a new holding company, UWW Holdings LLC. The new company intends to apply to list its shares for trading on the New York Stock Exchange. UWW Holdings LLC may request to register its shares of the new company with the SEC for resale beginning 180 days following the closing of the merger, pursuant to the terms of a Registration Rights Agreement to be entered into between the new company and UWW Holdings LLC.