International Paper Completespatagonia boots sale Acquisition of Temple
MEMPHIS, Tenn., Feb. 13, 2012 /PRNewswire/ Paper Company (NYSE: IP) today announced that it has completed its acquisition of Tepatagonia alpine guide jacketmple Inland Inc. (NYSE: TIN) through the merger of its wholly owned subsidiary Metal Acquisition Inc. with and into Temple Inland. Temple Inland is now a wholly owned subsidiary of International Paper. Under the terms of the transaction, each issued and outstanding share of Temple Inland common stock has been converted into the right to receive $32.00 in cash, without interest thepatagonia everlong review journal classifieds3reon, and less any applicable withholding taxes. International Paper Chairman and CEO John Faraci said, We are very pleased to have completed this compelling transaction. The combination of International Paper and Temple Inland strengthens our North American packaging business and enhances our ability to generate cash flow while maintaining our strong balance sheet. We look forward tpatagonia outlet store cao working with the employees patagonia everlong review journal classifieds2of Temple Inland as wpatagonia better sweater stripe prussian bluee successfully integpatagonia denver storerate our businesses and create an even stronger company with substantial benefits for our customers, employees and shareholders.
International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and Nortrare patagonia large 19016 special forces mars slingshot jacket alpha greenh Africa. Its businesses includepatagonia everlong review journal classifieds1 uncoated papers and industrial and consumer packaging, complemented by xpedx, the Company s North American distribution company. Headquartered in Memphis, Tennessee, the company employs about 61,000 people in more than 24 countries and serves customers worldwide. 2011 net sales were $26 billion.
Certain statements in this press release may be considered forward looking statements. These statements reflect management s current views and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied patagonia everlong review journal classifiedsin these spatagonia everlong review kiatatements. Department of Justicpatagonia everlong review journal classifieds0e consent decree that allows the Temple Inland transaction to proceed; (vii) the failure to realize synergies and cost savings from the Temple Inland transaction or delay in realization thereof; and (viii) our ability to achieve the benefits we patagonia guide jacket galaxyexpect from all other strategic acquisitions, divestitures and restructurings. These and other factors that could cause or contribute to actual results differing materially from such forward looking statements are discussed in greater detpatagonia guide pants n at wdveail in the company s Securities and Exchange Commission filings. We undertake no obligation to publicly update any forward looking statements, whether as a result of new information, future events or otherwise.
