TempleInland News

International Paper Co will sell three U.S. corrugated packaging mills for $470 million as part of an antitrust agreement related to the acquisition of rival Temple-Inland Inc.

International Paper Co, which acquired rival packaging maker Temple-Inland Inc in February for $3.7 billion, said on Thursday it had raised its cost-savings target from the deal by a third, to $400 million over the first two years.

It'd be nice to have nothing but good news to report. Despite general public perception and film representations that we in the media business thrive on bad news, the truth is we thrive on news, period - good or bad.

's stock had its "neutral" rating reiterated by Zacks in a note issued to investors on Tuesday.

"It's always sad when we lose local businesses, but one that will impact so many of our citizens is particularly difficult to handle," de Pingre' said.

Sixty workers at the International Paper container plant in Minden will lose their jobs July 17 after Friday's announced closure of the former Temple-Inland facility.

International Paper announced today that it will permanently close its Minden Container Plant by July 17, resulting in the loss of about 60 jobs.

Friday, May. 4, 2012 Thursday, May. 3, 2012 Wednesday, May. 2, 2012 Tuesday, May.