Contact Us

Temple-Inland Board of Directors Rejects International Paper’s Buyout Offer

It appears that Temple-Inland Corp. will continue to be an independently owned Texas based company for the foreseeable future.  The Temple-Inland Board of Directors has rejected an unsolicited buyout offer of $3.3 billion dollars from International Paper.

via caston_corporate

A news release from Temple-Inland says the offer from International Paper is not in the best interests of T-I stockholders, because IP has grossly undervalued Temple-Inland’s current financial condition and its prospects as a strong force in the forest products industry.

The Board also thinks the timing of IP’s proposal is extremely opportunistic and disadvantageous to Temple-Inland stockholders. Housing markets are at historically low levels that are depressing the value of T-I’s building products operations.

The Board says IP is trying to take advantage of this situation by trying to grab the company for a bargain price at a time when there is little or no market value in building products.

The T-I release also says merging with IP would combine the first and third largest producers of corrugated packaging in the country. That would raise anti-trust concerns and guarantee a federal investigation.

via Temple-Inland Board of Directors Unanimously Rejects offer – Lufkin and Nacogdoches |.

Essentially, the Temple-Inland Board is saying, in so many words, that it is insulted by the size of International Paper’s offer.  The news release implies the Board might not be as insulted if it were to get a much bigger offer.

Best of KSFA

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KSFA VIP quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KSFA VIP contests, events, coupons, presales, and much more delivered to you for FREE.