Temple-Inland (TIN -0.8%) again rejects International Paper's (IP -2%) $3.3B hostile takeover...

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

Temple-Inland (TIN -0.8%) again rejects International Paper's (IP -2%) $3.3B hostile takeover bid, saying that it "grossly undervalues" the company and urging holders not to tender their shares. TIN's poison pill should ensure IP's bid fails unless the offer is raised. (previous)