Paper Packaging

J.P. Morgan provided color on International Paper Company (NYSE: IP) and on its takeover attempt at Temple-Inland (NYSE: TIN). In a research report published today, J.P. Morgan states, "IP's takeover offer for TIN, if transacted, would represent another big step forward in the consolidation of...

US stock futures are higher this morning, as investors are awaiting a speech by Federal Reserve Chairman Ben Bernanke. Futures on the Dow Jones Industrial Average surged 52 points to 12,139.00 and futures on the S&P 500 stock index rose 6.80 points to 1,291.80. Nasdaq 100 futures gained 9.25...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Johnson Controls (NYSE: JCI) is “all good, but I sold it for my charitable trust. It's in too many businesses that are levered to autos, so I'm going to say sell, sell, sell until $33 or $34." Cramer believes that PPL Corp (NYSE...

Some of the stocks that may grab investor focus today are: Wall Street expects Navistar International Corporation (NYSE: NAV) to report its Q2 EPS at $1.17 on revenue of $3.30 billion. NAV shares gained 0.08% to $62.92 in after-hours trading. Temple-Inland Inc (NYSE: TIN) rejected a $3.3 billion...

Temple-Inland Inc. (NYSE: TIN) announced today that it received an unsolicited proposal from International Paper Company (NYSE: IP) to acquire the Company for $30.60 per Temple-Inland share in cash. Temple-Inland's Board of Directors, after careful consideration with its independent financial and...

After the close of trading on Monday, news crossed the wires that International Paper (NYSE: IP) has made a hostile bid for Temple-Inland (NYSE: TIN). The buyout offer is for $30.60 per share in cash. According to International Paper (IP), the transaction has been rejected by Temple-Inland's board...

International Paper (NYSE: IP) announced after the closing bell today that it has proposed to acquire all of the outstanding shares of Temple-Inland (NYSE: TIN) for $30.60 per share in cash. Under the terms of the proposal, the offer represents a 44% premium. International Paper's offer, which is...

International Paper (NYSE: IP) today announced that it has proposed to acquire all of the outstanding shares of Temple-Inland (NYSE: TIN) for $30.60 per share in cash. Under the terms of the proposal, the offer represents a 44% premium to Temple-Inland's price as of noon EDT, June 6th, 2011 ($21....

International Paper (NYSE: IP) today announced that it has proposed to acquire all of the outstanding shares of Temple-Inland (NYSE: TIN) for $30.60 per share in cash. Under the terms of the proposal, the offer represents a 44% premium to Temple-Inland's price as of noon EDT, June 6th, 2011 ($21....

Shares of Boise Inc. (NYSE: BZ) are lower on the session by 2.51%, currently trading at $7.78. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the...

Shares of Sealed Air Corporation (NYSE: SEE) are lower on the session by 5.70%, currently trading at $22.48. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today....

Goldman Sachs is out with its report today on Sealed Air (NYSE: SEE), commenting on SEE;s agreement to acquire Diversity. In a note to clients, Goldman Sachs writes, "Sealed Air has announced it will acquire Diversey, a leading supplier of sustainable products and services into the $40+ bn global...

RockTenn (NYSE: RKT) announced today that it will close three former Smurfit-Stone corrugated container plants in the fourth quarter of fiscal year 2011. The plants are located in Birmingham, AL, Jonesboro, AR and Santa Fe Springs, CA. Existing business will be transitioned to nearby RockTenn...

Jefferies reports that while it is not overly negative on the transaction like the market, “we believe Diversey is not an ideal fit and Sealed Air Corporation (NYSE: SEE) certainly paid a full multiple.” “That said, we are incrementally more positive on the stock, noting that the transaction...

Shares of Telvent GIT SA (NASDAQ: TLVT) surged about 15% after the company agreed to be bought for $2 billion by Schneider Electric SA (OTC: SBGSY). The cash offer by Schneider Electric values the shares of Telvent at $40 each, representing a 36% premium to Telvent's average share price over the...