Temple-Inland (TIN +42%) rolls out a stockholder rights plan and declares a dividend of one...

|About: Temple-Inland Inc. (TIN)|By:, SA News Editor

Temple-Inland (TIN +42%) rolls out a stockholder rights plan and declares a dividend of one preferred share warrant for each common share - a move it says will assure that all stockholders receive fair treatment in the event of a takeover, and guard against abusive tactics "to gain control of Temple-Inland without paying all stockholders a premium for that control." (PR)