After getting rejected by the company last month, International Paper (IP) takes its bid...

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

After getting rejected by the company last month, International Paper (IP) takes its bid directly to Temple-Inland's (TIN) shareholders, launching a $3.1B cash tender offer for all outstanding shares. Temple-Inland’s board is advising shareholders to take no action pending a review. IP shares flat, TIN shares +0.5% premarket.