International Paper (IP +0.1%) and Temple-Inland (TIN +0.4%) reach agreement with the Department...

|About: International Paper Co. (IP)|By:, SA News Editor

International Paper (IP +0.1%) and Temple-Inland (TIN +0.4%) reach agreement with the Department of Justice that allows IP's acquisition of TIN to proceed. The combined company will undertake the post close divesture of 970,000 tons of containerboard mill capacity and divest three facilities.