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IP to Acquire
Weyerhaeuser's Containerboard, Packaging and Recycling Business for
US$6B
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Mar 17, 2008 — PRNewswire-FirstCall MEMPHIS, Tenn., March 17, 2008 (press release) — International Paper (NYSE: IP - News) has signed an agreement with Weyerhaeuser to purchase its Containerboard, Packaging and Recycling (CBPR) business for $6 billion in cash, subject to post-closing adjustments. International Paper expects to close the deal in the third quarter of 2008, subject to customary closing conditions, including regulatory review and receipt of financing…. |
About CPBIS: The Center for Paper Business and Industry Studies (CPBIS) is an internationally recognized academic research center providing business knowledge of relevance to the global forest products industry. The CPBIS is cosponsored by the Alfred P. Sloan Foundation, the Georgia Institute of Technology (Georgia Tech), and the Paper Industry.
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