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IP to Acquire Weyerhaeuser's Containerboard, Packaging and Recycling Business for US$6B
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Mar 17, 2008 — PRNewswire-FirstCall MEMPHIS, Tenn., March 17, 2008 (press release) — International Paper (NYSE: IP - News) has signed an agreement with Weyerhaeuser to purchase its Containerboard, Packaging and Recycling (CBPR) business for $6 billion in cash, subject to post-closing adjustments. International Paper expects to close the deal in the third quarter of 2008, subject to customary closing conditions, including regulatory review and receipt of financing…. |
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