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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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August 25, 2015
09:04 EDTIPInternational Paper upgraded to Buy from Neutral at Buckingham
Buckingham upgraded International Paper to Buy with a $50 price target. The firm believes anti-dumping duties should improve UCFS dynamics and margins, and expects a dividend raise in the near-term.

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