Debevoise Reps International Paper In $4.3B Temple Buy

Law360, New York (September 6, 2011, 11:54 AM EDT) -- International Paper said Tuesday that corrugated packaging company Temple-Inland Inc. accepted its sweetened, $4.3 billion buyout bid, paving the way for a deal that could allow the paper and pulp giant to ring up $300 million in cost savings.

The purchase price, approved by the boards of both companies, values the target at $32 per share and includes the assumption of $600 million in Temple-Inland's debt. It appraises Temple-Inland's shares more than 50 percent above their price in early June, when news of the papery pas...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.