- Zacks•8 days ago
Weyerhaeuser Co. (WY) completed the divestiture of its Cellulose Fibers business to International Paper Company (IP) for $2.2 billion cash, subject to post-closing modifications.
- CNBC•9 days ago
Jim Cramer rattles off his take on caller favorite stocks, including this stock that is ready for the hold and homework technique.
- PR Newswire•9 days ago
MEMPHIS, Tenn., Dec. 1, 2016 /PRNewswire/ -- International Paper (IP) today announced that it has completed its acquisition of Weyerhaeuser's pulp business for approximately $2.2 billion in cash, subject to post-closing adjustments. Because the transaction is a purchase of assets, International Paper expects to realize a tax benefit with an estimated net present value of approximately $300 million. International Paper expects annual synergies of approximately $175 million by the end of 2018, which will require the need for one-time costs of approximately $85 million. In this transaction, International Paper acquired five pulp mills and two converting facilities that produce fluff pulp, softwood pulp, and specialty pulp products for a number of consumer applications including diapers, other hygiene products, tissue, and textiles. The acquired business has approximately 1,900 employees around the world, with manufacturing operations based in Canada, Poland and the U.S. (located in Mississippi, Georgia and North Carolina).
IP : Summary for International Paper Company Com - Yahoo Finance
International Paper Company (IP)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||52.00 x 100|
|Ask||54.00 x 100|
|Day's Range||53.39 - 54.12|
|52 Week Range||32.50 - 54.12|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||25.93|
|Dividend & Yield||1.85 (3.58%)|
|1y Target Est||N/A|