International Paper (IP -2.8%) says it will sell three U.S. containerboard mills valued at a...

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

International Paper (IP -2.8%) says it will sell three U.S. containerboard mills valued at a combined $470M in sales mandated by the Justice Department as a condition for IP's acquisition of Temple-Inland. In reiterating its Buy rating, Deutsche Bank says the $470M figure is considerably better than its expectations of $300-$450M.