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Mississippi locations part of $6-billion Weyerhaeuser-IP deal.

Publication: Mississippi Business Journal
Publication Date: 24-MAR-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
It's a lot of trees--and more--no matter how you look at the forest. On March 17, it was announced that Weyerhaeuser Company had entered into an agreement to sell its containerboard packaging and recycling (CBPR) business to International Paper for $6 billion in cash, subject to post-closing adjustments. With a tax benefit that has an estimated net present value of approximately $1.4 billion, the net purchase price is $4.6 billion.

The transaction includes nine containerboard mills, 72 packaging locations, 10 specialty-packaging plants, four kraft bag and sack locations and 19 recycling facilities in 31 states and Mexico. The deal would affect approximately 14,300 of...

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