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Sappi (SPP +3.1%) trades higher after the maker of paper and pulp products announces a series of...

Sappi (SPP +3.1%) trades higher after the maker of paper and pulp products announces a series of restructuring moves for its underperforming European and South African operations. Sappi expects to take restructuring charges of ~$160M for FQ4 '11, which ended in September.
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