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IP Temple deal

Started by Texas Ranger, February 16, 2012, 12:49:18 AM

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Texas Ranger

February 16, 2012, 12:49:18 AM
International Paper closes deal with Temple-Inland, for total of $3.51 Billion.  Or $32 pr share, plus assumption of about $700 Million in debt .  Department of Justice requires IP to sell 3 paper mills.  May form the largest company in North America forestry.
The Ranger, home of Texas Forestry

millwright

#1
February 17, 2012, 08:52:57 PM
Hopefully they dont close those 3 mills.

rockman

#2
February 17, 2012, 09:22:11 PM
Why do they have to sell 3 mills?

Kevin
kioti ck-20 loader backhoe, box blade, disk, log arch
Husqvarna 455 rancher
Lincoln Ranger 10,000 welder

WDH

#3
February 17, 2012, 10:03:35 PM
TR,

They are back!!!!!!!!
Woodmizer LT40HDD35, John Deere 2155, Kubota M5-111, Kubota L2501, Nyle L53 Dehumidification Kiln, and a passion for all things with leafs, twigs, and bark.  hamsleyhardwood.com

Texas Ranger

#4
February 17, 2012, 11:58:27 PM
Yep, they are indeed back, as what remains to be seen.  The Justice Dept want them to sell the three mills to prevent a monopoly in the wood business.
The Ranger, home of Texas Forestry

red oaks lumber

#5
February 18, 2012, 01:05:41 PM
i think there is a bigger monoply in the oil industry than there ever could be in the wood industry.
the experts think i do things wrong
over 18 million b.f. processed and 7341 happy customers i disagree

rockman

#6
February 18, 2012, 03:25:53 PM
kioti ck-20 loader backhoe, box blade, disk, log arch
Husqvarna 455 rancher
Lincoln Ranger 10,000 welder
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