Reports on International Paper Co.'s acquisition of Federal Paper Board Co. Agreement of a $3.5 billion cash, stock and debt deal; Coming of the deal after the merger of Kimberly-Clark Corp. and Scott Paper Co.; Peaking of the prices in the paper industry.
Highlights the plan of Purchase, New York-based paper manufacturer International Paper Co. to acquire Champion International Corp. International's offer of cash and stock to purchase Champion; Impact of the announcement of the takeover on the stock price of Champion.
Reports that Purchase, New York-based International Paper Co. will close its four paper plants in Hawthorne, New York, in Raleigh, North Carolina and in Mobile, Alabama.
Published
1994
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