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Stock Market & Financial Investment News

News Breaks
February 27, 2013
09:29 EDTIP, RKTInternational Paper and RockTenn upgraded at Longbow
As previously reported, Longbow upgraded International Paper (IP) and RockTenn (RKT) to Buy from Neutral. The firm upgrade shares based on last weeks announcement of a corrugated packaging spring price hike and expectations for summer price increases.
News For IP;RKT From The Last 14 Days
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April 15, 2014
10:00 EDTRKT, IPOn The Fly: Analyst Downgrade Summary
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06:37 EDTRKTRockTenn downgraded to Neutral from Buy at Longbow
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06:37 EDTIPInternational Paper downgraded to Neutral from Buy at Longbow
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April 9, 2014
10:06 EDTIP, RKTOn The Fly: Analyst Initiation Summary
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07:15 EDTIPInternational Paper initiated with an Outperform at Credit Suisse
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07:15 EDTRKTRockTenn initiated with an Outperform at Credit Suisse
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April 8, 2014
14:34 EDTIPInternational Paper acquires remaining shares of Orsa IP Embalagens
International Paper has acquired the remaining 25% of shares of Orsa International Paper Embalagens S.A. from its joint venture partner, Brazilian pulp and packaging producer Jari Celulose, Embalagens e Papel S.A. The shares were purchased at the original transaction price per share for ~$135MM. With this transaction, International Paper takes full ownership of three containerboard mills and four box plants, which made up Jari's former corrugated packaging assets. "This investment is in-line with our strategy to selectively grow our industrial packaging business globally in attractive markets and put capital to work that deliver returns above our cost of capital," said CEO John Faraci.

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