Temple-Inland/International Paper
On September 6, 2011, International Paper (NYSE: IP) and Temple-Inland Inc. (NYSE: TIN) announced that they have entered into a definitive merger
agreement under which International Paper will acquire all of the
outstanding common stock of Temple-Inland for $32.00 per share in cash,
plus the assumption of $600 million in Temple-Inland's year end debt.
The total transaction value is approximately $4.3 billion.
The transaction is expected to be accretive to International Paper's shareholders in year one after closing. It is expected to close in Q112.
Evercore Partners and UBS Investment Bank served as financial advisors to International Paper and Goldman, Sachs & Co. served as financial advisor to Temple-Inland. Debevoise & Plimpton LLP served as International Paper's legal counsel and Temple-Inland was advised by Wachtell, Lipton, Rosen & Katz.
The transaction is expected to be accretive to International Paper's shareholders in year one after closing. It is expected to close in Q112.
Evercore Partners and UBS Investment Bank served as financial advisors to International Paper and Goldman, Sachs & Co. served as financial advisor to Temple-Inland. Debevoise & Plimpton LLP served as International Paper's legal counsel and Temple-Inland was advised by Wachtell, Lipton, Rosen & Katz.
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Deutsche Bank Downgrades Temple-Inland Inc. (TIN) to Hold on Int'l Paper (IP) Takeover; Uncertainty Remains
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