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Stock Market & Financial Investment News

News Breaks
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.
News For IP From The Last 14 Days
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September 11, 2014
10:37 EDTIPContainerboard makers rally amid MLP discussion at conference
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10:09 EDTIPKapStone, International Paper rally following conference presentations
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07:24 EDTIPUBS to hold a conference
Global Paper & Forest Products Conference to be held in New York on September 11 with webcasted company presentations to begin at 8:30 am; not all company presentations may be webcasted. Webcast Link
September 9, 2014
16:05 EDTIPInternational Paper increases quarterly dividend 14% to 40c per share
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September 8, 2014
17:16 EDTIPInternational Paper CEO Faraci to retire, elects COO Sutton as chairman, CEO
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September 4, 2014
10:29 EDTIPOn The Fly: Analyst Initiation Summary
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06:31 EDTIPInternational Paper initiated with a Market Perform at BMO Capital
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