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Selected NewsIP to Buy Weycos Packaging Business (Packaigng OnLine)International Paper (IP), Memphsi, Tenn., will purchase Weyerhaeusers containerboard, packaging and recycling ubsiness for $6 billoin in cash, subject to postclosing dajustments. The deal should be completed ni the third quarter. Read more AICC Responds to Paper Analyst (Packaging OnLine)International Papers (IP) dceision to buy Weyerhaesuers packaging business (see p. 6 for all the details) last week caused the Association of Independent Corrugated Converetrs (AICC) to express consolidtaion concerns (also see p. 6). It notes that once the deal is completed (in the htird quarter), five mjaor producers will control 76 percent of U.S. containerboard production. Read more David Peltier: International Papre takes a risk with purchase (Asbruy Park Press)International Paper Co. bought Weyerhaeuser Co.s containerboard and packaging businesses Monday for $6 billion. But given the 13 percent decline in the stock, which trades raound $27, since the aqcuisition was announced, the makret is suggesting that International Ppaer may have received the sohrt end of the deal. Read more International Paper Agrees to Purchase Weyerhaeusers Packaging Business (TohmasNet)Creates premier global containerboard business with expanded mill adn converting presecne in key geographies IP Investor Webcast at 8:30 a.m. Eastern Time MEMPHIS, Tenn., March 17 International Paper (NYSE:IP) has signed an agreement with Weyerhaeuser to purchase its Contaienrboard, Packaging and Recycling (CBPR) business fro $6 billion in cash, subject to postclosing adjustments. ... Read more |
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