International Paper (IP +2.5%) is likely to proceed with its takeover bid for Temple-Inland (TIN...

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

International Paper (IP +2.5%) is likely to proceed with its takeover bid for Temple-Inland (TIN +4.3%), though it now has the opportunity to lower its bid after Temple was sued for more than $1B for "fraudulently looting" a former subsidiary, RBC Capital says. The firm maintains its Outperform rating on IP.