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International Paper (IP) takes its $30.60/share offer (about $3.3B) for Temple-Inland (TIN) to...

International Paper (IP) takes its $30.60/share offer (about $3.3B) for Temple-Inland (TIN) to the shareholders, launching a tender offer after being rebuffed by management. TIN launched a stockholder-rights plan in defense. AH: IP +2.2%; TIN +0.8%.
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