Paper Products

Rock-Tenn Co. (NYSE: RKT) shares are seeing a nice bid this afternoon, after International Paper (NYSE: IP) made an unsolicited offer this morning for Temple-Inland (NYSE: TIN), revaluing the sector. International Paper's bid for Temple-Inland was worth $3.4 billion, or nearly 40% higher than...

Best 1) Temple-Inland (NYSE: TIN): Trading up 39.8% from yesterday's close to $29.37. International Paper (NYSE: IP) put in a bid to acquire Temple-Inland for $30.60 per share. Temple's board rejected the deal, saying that the bid undervalued the company. 2) Westinghouse Solar (NASDAQ: WEST):...

Syms Corp (NASDAQ: SYMS) shares rose 1.47% to create a new 52-week high of $11.04. SYMS shares have jumped 55.43% over the past 52 weeks, while the S&P 500 index has gained 22.44% in the same period. Alto Palermo SA (NASDAQ: APSA) shares gained 21.34% to create a new 52-week high of $24.51....

Temple-Inland Inc (NYSE: TIN) shares advanced 41.22% to $29.67 at 9:45 am. Temple-Inland adopted the stockholder rights plan. TIN rejected a $3.3 billion unsolicited takeover bid from International Paper Co (NYSE: IP). Alto Palermo SA (NASDAQ: APSA) shares surged 23.76% to $25.00. APSA's trailing-...

International Paper Company (NYSE: IP) shares are soaring this morning, gaining more than 5% after the company made an unsolicited bid for rival Temple-Inland (NYSE: TIN) that was rejected. Temple-Inland cited a price that was too low, as well as regulatory scrutiny from the deal. At last check,...

Goldman Sachs is moving International Paper (NYSE: IP) to Not Rated. In a note to clients, Goldman Sachs writes, "The Americas Investment Review Committee has determined that the ratings and price target for International Paper should be removed. Goldman Sachs is acting as a financial advisor in...

Bank of America Merrill Lynch is dropping coverage on Temple-Inland Inc. (NYSE: TI) and moving it to No Rating after the company rejected an offer from International Paper (NYSE: IP). In a note to clients, Bank of America Merrill Lynch writes, "After the close today, International Paper (IP)...

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...

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....