Temple-Inland (NYSE:TIN) agreed to be acquired by International Paper Co. (NYSE:IP) for $3.48 billion after rejecting an earlier hostile bid of $30.60.
Terms of the deal are for $32 a share in cash and the assumption of $600 million in debt.
International Paper CEO John Faraci said, "The strategic benefits of this combination are clear and we are pleased to be able to move forward on terms that are financially attractive for both sets of shareholders."
The board of directors for both companies have approved the deal.
International Paper was trading at $26.20, jumping $0.71, or 2.79 percent, as of 12:13 PM EDT. Temple-Inland soared to $30.82, up $6.19, or 25.13 percent.
Showing posts with label Temple Inland. Show all posts
Showing posts with label Temple Inland. Show all posts
Tuesday, September 6, 2011
Thursday, August 25, 2011
Trina Solar (TSL) (CCMP) (TIN) (COCO) (MDT) (DXCM) Price Targets Changed
Trina Solar (NYSE: TSL), Cabot Microelectronics Co. (NASDAQ: CCMP), Temple-Inland (NYSE: TIN), Corinthian Colleges, Inc. (NASDAQ: COCO), Medtronic, Inc. (NYSE: MDT) and DexCom Inc (NASDAQ: DXCM) had their price targets adjusted by analysts.
Trina Solar (TSL) had its price target lowered by Ardour Capital from $30.00 to $24.00. They have a “Buy” rating on the company.
Cabot Microelectronics Co. (CCMP) had its price target lowered by Ticonderoga from $68.00 to $57.00. They have a “Buy” rating on the company.
Temple-Inland (TIN) had its price target lowered by Longbow Research from $35.00 to $27.00. They have a “Buy” rating on the company.
Corinthian Colleges, Inc. (COCO) had its price target lowered by FBR Capital from $4.00 to $1.75. They have an “Underperform” rating on the company.
Medtronic, Inc. (MDT) had its price target lowered by Morgan Keegan from $43.00 to $38.00. They have a “Market Perform” rating on the company.
DexCom Inc. (DXCM) had its price target lowered by Morgan Keegan from $18.00 to $15.00. They have an “Outperform” rating on the company.
Trina Solar (TSL) had its price target lowered by Ardour Capital from $30.00 to $24.00. They have a “Buy” rating on the company.
Cabot Microelectronics Co. (CCMP) had its price target lowered by Ticonderoga from $68.00 to $57.00. They have a “Buy” rating on the company.
Temple-Inland (TIN) had its price target lowered by Longbow Research from $35.00 to $27.00. They have a “Buy” rating on the company.
Corinthian Colleges, Inc. (COCO) had its price target lowered by FBR Capital from $4.00 to $1.75. They have an “Underperform” rating on the company.
Medtronic, Inc. (MDT) had its price target lowered by Morgan Keegan from $43.00 to $38.00. They have a “Market Perform” rating on the company.
DexCom Inc. (DXCM) had its price target lowered by Morgan Keegan from $18.00 to $15.00. They have an “Outperform” rating on the company.
Monday, May 9, 2011
Dividends Declared: (MAR) (TIN) (CBI) (UNS) (FELE)
Marriott International Inc. (NYSE:MAR), Temple Inland Inc (NYSE:TIN), Chicago Bridge & Iron Company N.V. (NYSE:CBI), Unisource Energy Corp. (NYSE:UNS) and Franklin Electric Co Inc (NASDAQ:FELE) declare dividends.
The Board of Directors of Marriott International Inc. (MAR) declared a quarterly common stock dividend of $0.10 per share payable 6/24/11 to shareholders of record at the close of business on 5/20/11.
The Board of Directors of Temple Inland Inc (TIN) declared a quarterly common stock dividend of TIN $0.13 per share payable 6/15/11 to shareholders of record at the close of business on 6/1/11.
The Board of Directors of Chicago Bridge & Iron Company N.V. (CBI) declared a quarterly common stock dividend of $0.05 per share payable 6/30/11 to shareholders of record at the close of business on 6/17/11.
The Board of Directors of Unisource Energy Corp. (UNS) declared a quarterly common stock dividend of $0.42 per share payable 6/6/11 to shareholders of record at the close of business on 5/19/11.
The Board of Directors of Franklin Electric Co Inc (FELE) declared a quarterly common stock dividend of $0.135 per share payable 5/26/11 to shareholders of record at the close of business on 5/12/11.
The Board of Directors of Marriott International Inc. (MAR) declared a quarterly common stock dividend of $0.10 per share payable 6/24/11 to shareholders of record at the close of business on 5/20/11.
The Board of Directors of Temple Inland Inc (TIN) declared a quarterly common stock dividend of TIN $0.13 per share payable 6/15/11 to shareholders of record at the close of business on 6/1/11.
The Board of Directors of Chicago Bridge & Iron Company N.V. (CBI) declared a quarterly common stock dividend of $0.05 per share payable 6/30/11 to shareholders of record at the close of business on 6/17/11.
The Board of Directors of Unisource Energy Corp. (UNS) declared a quarterly common stock dividend of $0.42 per share payable 6/6/11 to shareholders of record at the close of business on 5/19/11.
The Board of Directors of Franklin Electric Co Inc (FELE) declared a quarterly common stock dividend of $0.135 per share payable 5/26/11 to shareholders of record at the close of business on 5/12/11.
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