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Stock Market & Financial Investment News

News Breaks
June 20, 2014
16:35 EDTIP, VRTVInternational Paper announces distribution ratio for xpedx spinoff
International Paper (IP) announced the definitive distribution ratio for the spinoff of its distribution solutions business, xpedx. Subject to the satisfaction of certain conditions, International Paper stockholders will receive on the distribution date, July 1, 0.0188 shares of Veritiv Corporation (VRTV) common stock for each share of International Paper common stock they owned as of 5:00 pm EST on June 20, the record date set by International Paper's board of directors. International Paper shareholders will not receive fractional shares of Veritiv common stock. Instead, fractional shares of Veritiv common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to the International Paper shareholders who would otherwise receive a fractional share of Veritiv common stock. The closing of the spinoff of International Paper's distribution business, xpedx, and the subsequent merger with UWW Holdings, the parent company of Unisource Worldwide, are scheduled to occur on July 1.
News For IP;VRTV From The Last 14 Days
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July 29, 2014
07:07 EDTIPInternational Paper reports Q2 Industrial Packaging operating profit $534M
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07:06 EDTIPInternational Paper reports Q2 operating EPS 95c, consensus 83c
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July 28, 2014
15:47 EDTIPNotable companies reporting before tomorrow's open
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12:05 EDTIPOptions with increasing implied volatility
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July 25, 2014
08:08 EDTIPMLP potential could serve as floor for stocks, says Deutsche Bank
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July 24, 2014
13:20 EDTIPInternational Paper volatility elevated on Perry Capital taking position
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13:16 EDTIPContainerboard names rally with Perry seeing 50%-100% upside
Richard Perry's Perry Capital took positions or increased holdings during Q2 in containerboard names International Paper (IP), RockTenn (RKT), KapStone (KS) and Packaging Corp. (PKG), Bloomberg reports. Perry believes managements can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, Bloomberg cites Perry as stating in the fundís Q2 letter. Shares of containerboard names are rallying today, with International Paper up 5%, RockTenn and KapStone up 9%, and Packaging Corp. up 4% in afternoon trading. Perry Capital has $10.9B under management, according to Bloomberg.
10:37 EDTIPOptions with increasing implied volatility: TLM IP HSH
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July 23, 2014
05:53 EDTIPStocks with implied volatility movement; IP AMAT
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July 22, 2014
10:00 EDTIPOn The Fly: Analyst Downgrade Summary
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08:49 EDTIPInternational Paper downgraded to Buy from Conviction Buy at Goldman
Goldman removed International Paper from the Conviction Buy List and maintains it Buy rating to reflect increased risk to a potential decline in containerboard prices. The firm notes the first reduction in semi-chemical medium prices since Q4 2008 occurred in July, indicating the market may be weaker than expected.
July 21, 2014
09:00 EDTIPInternational Paper downgraded to Neutral from Outperform at Macquarie
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07:55 EDTIPJuly containerboard medium prices decline $10, says Deutsche Bank
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