Hicks mulls private placement of stock relating to Appleton merger

If deal goes through, company will offer stock at $9.95 per share

By Marisa Wong

Madison, Wis., July 11 - Hicks Acquisition Co. II, Inc. said it may pursue a private placement of common stock in connection with its proposed combination with Appleton Papers Inc.

The company would sell its shares at $9.95 apiece.

The placement is subject to shareholders' approval and certain other conditions, including the completion of the Appleton transaction.

Hicks is a Dallas-based special purpose acquisition company founded by Thomas O. Hicks in October 2010. Appleton is a paper manufacturing company based in Appleton, Wis.

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