GEORGIA PACIFIC <GP> SEES GAIN FROM SALE
Georgia-Pacific Corp said its second
quarter results will include a gain of 60 mln dlrs pre-tax, or
34 cts per share after-tax, from the sale of its interest in
<Georgia Gulf Corp>.
    The company said it is selling warrants for about 1.8 mln
shares of Georgia Gulf common stock to Goldman Sachs and Co in
connection with the 4.8 mln share offering of Georgia Gulf.
    It said it received the warrants when it agreed to sell its
commmodity chemical operations to Georgia Gulf in 1984.
 Reuter
