News: Deals: Reports

Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Mutual Funds Taxes Ask the Expert Money 101 Autos Loan Center Best Places to Live Ask the Expert Millionaires in the Making Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Personal Tech Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Weyerhaeuser Co-Containerboard Packaging & Recycling Business & International Paper Co	Update Date: 10/10/08
Date Announced: 03/17/08
Value (million $USD): 6.00 billion U.S. Dollar

Status: Completed

TRANSACTION DETAILS
Date Announced	03/17/08
Date Originally Announced	03/17/08
Format	Acq. of Assets	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	Federal Trade Commission; Justice Department
Value	6.00 billion U.S. Dollar	Advisor Fees	n/a

SYNOPSIS
US - International Paper Co acquired the containerboard packaging & recycling business of Weyerhaeuser Co, a manufacturer of lumber and paper products, for $6 bil in cash. The transaction was subjected to customary closing condition and regulatory approval.

TARGET
Name	Weyerhaeuser Co-Containerboard Packaging & Recycling Business
Industries	Pulp mills; Paperboard mills; Converted paper and paperboard products, nec; Sawmills and planing mills; Hardwood veneer and plywood; Softwood veneer and plywood; Forest nurseries and gathering of forest products; Refuse systems
City	n/a
State	WA
Nation	United States
Incorporated in	WA
Public Status	Subsidiary
Business Description	Containerboard Packaging & Recycling Business of Weyerhaeuser Co. This includes nine containerboard mills, 72 packaging locations, 10 specialty-packaging plants, four kraft bag and sack locations and 19 recycling facilities.
Advisors	Morgan Stanley
Target Sales	n/a

ACQUIROR
Name	International Paper Co (IP)
Industries	Pulp mills; Paperboard mills; Converted paper and paperboard products, nec; Sawmills and planing mills; Hardwood veneer and plywood; Softwood veneer and plywood; Printing and writing paper; Industrial and personal service paper; Lumber, plywood, millwork, and wood panels; Forest nurseries and gathering of forest products
City	Memphis
State	TN
Nation	United States
Incorporated in	NY
Public Status	Public
Business Description	International Paper Co, located in Memphis, Tennessee, is a manufacturer and wholesaler of paper, packaging products, building materials and other products directly to end users and converters, as well as through resellers; operating 23 pulp, paper and packaging mills, 93 converting and packaging plants, 25 wood product facilities and 6 chemical plants in the United States, and 8 pulp, paper and packaging mills, 55 converting and packaging plants, 2 wood products facility, 2 panels and laminated products plants and 5 chemicals plants in Europe, Asia, Latin America and South America. The company was founded in 1898.
Advisors	UBS Investment Bank; Lazard
Acquiror Sales	21.89 billion U.S. Dollar

Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer

Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.