Wayzata Buying Pulp Mill

Wayzata Investment Partners has received court approval to buy Pope & Talbot's last remaining pulp mill, which closed back in May. The deal is for $31.15 million, and trumps a rival offers from a Cerberus-backed group and Ableco Finance. A labor union representing the millworkers is on record as preferring the Ableco bid. www.poptal.com