Key Developments: International Paper Co (IP)
48.18USD
17 May 2013
$0.76 (+1.60%)
$47.42
$47.71
$48.27
$47.66
3,059,576
4,333,944
$49.10
$27.29
Latest Key Developments (Source: Significant Developments)
International Paper Co Declares Dividend
International Paper Co announced quarterly dividend of $0.30 per share for the period from April 1, 2013, to June 30, 2013, inclusive, on its common stock, par value $1.00. This dividend is payable on June 14, 2013, to holders of record at the close of business on May 24, 2013. Full Article
International Paper Co Declares Dividend
International Paper Co announced that it has declared a quarterly dividend of $0.30 per share for the period from January 1, 2013 , to March 31, 2013 , inclusive, on its common stock, par value $1.00 . This dividend is payable on March 15, 2013 , to holders of record at the close of business on February 15, 2013 . Full Article
International Paper Co Reaches Agreement To Sell Temple-Inland Building Products Division For $750 Million
International Paper Co announced that it has reached an agreement to sell its Temple-Inland Building Products division to Georgia-Pacific LLC for $750 million in cash, subject to certain pre-and post-closing adjustments. The assets to be sold include 16 manufacturing facilities - five solid wood mills, four particleboard plants, two medium-density fiberboard plants, one fiberboard plant and four gypsum wallboard plants. Full Article
International Paper Co And Grupo Orsa Company To Form Joint Venture
International Paper Co (IP)and Brazilian corrugated packaging producer Jari Celulose, Embalagens e Papel S/A, a Grupo Orsa company, Announced that they have entered into an agreement to form a joint venture which will support IP's strategy of growing its global packaging presence and better serving its global customer base. Jari's industrial packaging assets, including three containerboard mills and four box plants, will be separated from its pulp and forestry businesses and transferred to a newly formed company in which IP will hold a 75% stake. IP's investment in the joint venture will be BRL 952 million, or approximately $470 million at exchange rate. Full Article
International Paper Co Increases Cash Dividend 14% To $1.20 Per Share
International Paper Co announced that the board of directors increased the Company's quarterly dividend by 14% to $0.30 per share for the period from October 1, 2012, to December 31, 2012, inclusive, on its common stock, par value $1.00. This dividend is payable on December 17, 2012, to holders of record at the close of business on November 15, 2012. Additionally, the company also declared a regular quarterly dividend of $1.00 per share for the period from October 1, 2012, to December 31, 2012, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on December 17, 2012, to holders of record at the close of business on November 15, 2012. Full Article
West Coast Paper Mills Ltd Updates On Acquisition By International Paper Co
West Coast Paper Mills Ltd announced that with reference to the news item appearing in a financial daily titled "US' International Paper Looks to Buy SK Bangur's West Coast Paper Mills Ltd ", West Coast Paper Mills Ltd has clarified that the Company deny the same and in case of any development, which has bearing on the operation/performance of the Company including price sensitive information, then the Company will inform to the exchange. Full Article
International Paper Co In Talks To Buy SK Bangur-Controlled West Coast Paper Mills Ltd. -The Economic Times
The Economic Times reported that International Paper Co is now in talks to buy the SK Bangur-controlled West Coast Paper Mills Ltd. for a deal likely to be valued between 800 crore and 1,200 crore. An initial round of negotiations between the Memphis-based International Paper and West Coast Paper was held recently where valuations and future expansion plans for the plant located in Dandelli, Karnataka, were discussed. Full Article
International Paper Company Declares Dividend
International Paper Company announced that it declared a quarterly dividend of $0.2625 per share for the period from July 1, 2012, to September 30, 2012, inclusive, on its common stock, par value $1.00. This dividend is payable on September 17, 2012, to holders of record at the close of business on August 15, 2012. Full Article
International Paper Company Completes Mill Divestitures
International Paper Company announced that it has finalized the sale of its Ontario and Oxnard, California containerboard mills to New-Indy Containerboard LLC, along with its New Johnsonville, Tennessee containerboard mill to Hood Container Corporation. By completing these transactions, the Company satisfies its divestiture obligations under its February 2012 settlement agreement with the U.S. Department of Justice. The settlement agreement, in which the Company agreed to divest the three mills, was entered into in connection with the Company's acquisition of Temple-Inland. Full Article
International Paper Company Declares Dividend
International Paper Company announced that a quarterly dividend of $0.2625 per share for the period from April 1, 2012, to June 30, 2012, inclusive, on its common stock, par value $1.00. This dividend is payable on June 15, 2012, to holders of record at the close of business on May 24, 2012. Full Article
BRIEF-International Paper shares down 4.1 pct premarket
NEW YORK, May 2 - International Paper Co : * Shares down 4.1 percent in premarket trading after results
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