Int'l Paper (IP) Commences $30.60/Share Tender for Temple-Inland (TIN)
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International Paper Company (NYSE: IP) today announced that it is commencing a fully financed tender offer for all outstanding common shares of Temple-Inland Inc. (NYSE: TIN) for $30.60 per share in cash.
The offer will commence tomorrow and will expire at 5:00 p.m. New York City time on August 9, 2011, unless extended.
International Paper has secured committed financing from UBS Investment Bank, and the offer will not be conditioned on financing.
International Paper's dealer managers for the tender offer are UBS Investment Bank and Evercore Partners. Its legal advisor is Debevoise & Plimpton LLP.
The offer will commence tomorrow and will expire at 5:00 p.m. New York City time on August 9, 2011, unless extended.
International Paper has secured committed financing from UBS Investment Bank, and the offer will not be conditioned on financing.
International Paper's dealer managers for the tender offer are UBS Investment Bank and Evercore Partners. Its legal advisor is Debevoise & Plimpton LLP.
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