Key Developments: International Paper Co (IP.N)

IP.N on New York Stock Exchange

48.14USD
27 Aug 2014
Price Change (% chg)

$0.33 (+0.69%)
Prev Close
$47.81
Open
$47.79
Day's High
$48.20
Day's Low
$47.79
Volume
745,947
Avg. Vol
761,211
52-wk High
$51.98
52-wk Low
$42.32

Search Stocks

Latest Key Developments (Source: Significant Developments)

International Paper announces additional $1.5 bln share repurchase authorization
Tuesday, 8 Jul 2014 04:01pm EDT 

International Paper Co:Authorizes management to acquire up to $1.5 billion of additional shares of the company's common stock to supplement the $1.5 billion share repurchase program authorized in Sept. 2013.  Full Article

International Paper Co declares dividend
Monday, 7 Jul 2014 08:00pm EDT 

International Paper Co:Declares a quarterly dividend of $0.35 per share.Payable on Sept. 15, to holders of record at the close of business on Aug. 15.  Full Article

International Paper announces completion of xpedx Spinoff and merger with Unisource
Tuesday, 1 Jul 2014 04:30pm EDT 

International Paper:Announces spinoff of its distribution solutions business, xpedx, and xpedx's merger with Unisource, with the combined companies now operating as Veritiv Corporation.Spinoff was accomplished by the contribution of the xpedx business to Veritiv and the distribution of 8,160,000 shares of Veritiv common stock on a pro-rata basis to International Paper shareholders.  Full Article

International Paper Co announces definitive distribution ratio for the spinoff of its xpedx distribution business
Friday, 20 Jun 2014 04:30pm EDT 

International Paper Co:Says definitive distribution ratio for spinoff of its distribution solutions business, xpedx.International Paper stockholders will receive on distribution date, July 01, 2014, 0.0188 shares of Veritiv Corporation (Veritiv) common stock for each share of International Paper common stock they owned as of, on June 20, 2014, th record date set by International Paper's board of directors.International Paper shareholders will not receive fractional shares of Veritiv common stock.Instead, fractional shares of Veritiv common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to the International Paper shareholders who would otherwise receive a fractional share of Veritiv common stock.Closing of spinoff of International Paper's distribution business, xpedx, and subsequent merger with UWW Holdings, Inc., parent company of Unisource Worldwide, Inc., are scheduled to occur on July 1, 2014.  Full Article

International Paper announces record date and distribution date in connection with Spin-off of its xpedx Distribution Business
Tuesday, 10 Jun 2014 04:00pm EDT 

International Paper Co:Announces the timing and additional details regarding the spinoff of its distribution solutions business, xpedx.As previously announced, immediately following the spinoff of the xpedx business to International Paper shareholders, UWW Holdings, Inc., the parent company of Unisource Worldwide, Inc. will merge with and into the xpedx business to form a new, publicly-traded company, Veritiv Corp.Declared a pro rata distribution to International Paper shareholders of 8,160,000 shares of Veritiv common stock, representing all the shares of common stock of Veritiv outstanding prior to the merger.Record date set by International Paper's board of directors, will be entitled to receive a number of shares of Veritiv common stock on the distribution date, July 1.  Full Article

International Paper Co prices $1.6 bln of senior unsecured notes
Tuesday, 3 Jun 2014 05:40pm EDT 

International Paper Co:Prices $800 mln of 3.65 pct senior unsecured notes due 2024 and $800 mln of 4.80 pct senior unsecured notes due 2044.Says 2024 and 2044 notes were issued at a public offering price of 99.626 pct and 99.479 oct, respectively.Intends to use all or portion of to fund purchase price of up to $1 bln combined aggregate principal amount of International Paper's outstanding notes and for general corporate purposes.Deutsche Bank Securities Inc., RBS Securities Inc., BNP Paribas Securities Corp., BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities USA Inc. and SMBC Nikko Securities America, Inc. acted as joint book-running managers for offering.  Full Article

International Paper Co appoints Mark S. Sutton President
Monday, 2 Jun 2014 04:01pm EDT 

International Paper Co:Mark S. Sutton has been promoted to president and chief operating officer and elected member of company's board of directors effective immediately.  Full Article

International Paper declares dividend
Tuesday, 13 May 2014 04:01pm EDT 

International Paper:Declared a quarterly dividend of $0.35 per share.Payable on June 16, to holders of record on May 23.  Full Article

International Paper reaffirms FY 2014 EBITDA guidance - Conference Call
Wednesday, 30 Apr 2014 09:00am EDT 

International Paper Co:Reaffirms FY 2014 EBITDA of about 10 pct.Reported EBITDA of $4.159 bln in FY 2013.FY 2014 EBITDA of $4.499 bln - Thomson Reuters I/B/E/S.  Full Article

International Paper acquires remaining shares of Orsa IP Embalagens in Brazil
Tuesday, 8 Apr 2014 02:31pm EDT 

International Paper:Acquired the remaining 25 pct of shares of Orsa International Paper Embalagens S.A. from its joint venture partner, Brazilian pulp and packaging producer Jari Celulose, Embalagens e Papel S.A.Shares were purchased at the original transaction price per share for $135 million.With this transaction, International Paper takes full ownership of three containerboard mills and four box plants, which made up Jari's former corrugated packaging assets.  Full Article

IP profit beats as sales inch higher in U.S., Europe

- International Paper Co , the largest corrugated box maker in North America, posted a higher-than-expected profit on Tuesday, citing returning demand in the United States and Europe.

Search Stocks