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Temple-Inland recommends rejection of IP offer

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Published in issue 30/2011
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In a unanimous decision taken on 18 July 2011, the board of directors of Temple-Inland Inc. rejected the takeover offer made by International Paper Corp. (IP) of US$30.6/share for all outstanding Temple-Inland shares, rating the offer as a significant undervaluation of Temple-Inland. Shareholders are recommended to ...

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