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Stock Market & Financial Investment News

News Breaks
March 18, 2013
09:17 EDTIP, IPInternational Paper downgraded to Outperform from Buy at CLSA
CLSA no longer believes a containerboard price hike is likely given limited fundamental. As a result, the firm downgraded International Paper to Outperform from Buy. Price target is $52.
News For IP From The Last 14 Days
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March 31, 2015
09:28 EDTIPInternational Paper agrees to sell Carolina coated bristols brand
International Paper (IP) announced it has reached a definitive agreement with MeadWestvaco (MWV) to sell the Carolina coated bristols brand. The sale is expected to close April 30, 2015. Terms of the sale were not disclosed. International Paper's decision to sell the Carolina brand was a result of its plans to convert the Riegelwood N.C., Mill to 100 percent fluff and softwood pulp production, thereby eliminating the manufacturing capability to produce the brand.
09:26 EDTIPMeadWestvaco to acquire Carolina business from International Paper
MeadWestvaco (MWV) announced that it has entered into a definitive agreement to acquire the Carolina coated bristols business from International Paper Company (IP). Terms of the transaction were not disclosed and the transaction is expected to close by the end of April. "We expect significant operational improvements when we integrate this business into our existing mill system, said MeadWestvaco.
09:26 EDTIPInternational Paper to invest $135M to expand fluff pulp production
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March 25, 2015
07:07 EDTIPInternational Paper, Packaging Corp. can create value, says Wells Fargo
After evaluating the current leverage and capital allocation options of International Paper (IP) and Packaging Corp (PKG), Wells Fargo thinks the companies can create meaningful value by pursuing acquisitions and, to a lesser extent, share repurchases. The firm keeps Outperform ratings on both names.

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