Item 7.01. Regulation FD Disclosure.

The information presented herein under Item 7.01 shall not be deemed "filed" under the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such a filing.

Item 8.01. Other Events

On August 8, 2008, the Board of Directors of Buckeye Technologies Inc. (the "Company") authorized the repurchase of an additional 5,000,000 shares of common stock on the open market or in privately negotiated purchases. The authorization is in addition to the 690,100 shares remaining from previous share repurchase authorizations.

Repurchased shares will be held as treasury stock and will be available for general corporate purposes, including the funding of employee benefit and stock-related plans.

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