International Paper (IP) gets its deal to acquire Temple-Inland (TIN +24.1%) at $32/share plus...

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

International Paper (IP) gets its deal to acquire Temple-Inland (TIN +24.1%) at $32/share plus $600M in debt assumption, for a $4.3B transaction. The boards approved the deal after a summer during which IP took a smaller $3.1B offer to shareholders and TIN adopted a poison pill defense.