International Paper Company (IP) Tops Q4 EPS by 7c, Revenues Beat
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Graphic Packaging (GPK) Announces Initial $250M Acquisition of IP's (IP) Minority Ownership Interest in Partnership; Reports Settlement of Approx. $900M in U.S. Pension Plan Obligations
January 28, 2020 6:43 AM EST
Graphic Packaging Holding Company announces today that International Paper (NYSE: IP) has notified the Company of its intent to begin the process of reducing its ownership interest in Graphic Packaging International Partners, LLC (the "Partnership"). Per the agreement between the parties, Graphic Packaging will purchase approximately 15.1 million partnership units from International Paper for $250.0 million. As a result, International Paper's ownership interest in the Partnership will decrease from approximately 21.6% to 18.3%. The purchase will be funded with a draw on Graphic... More
