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John Faraci

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International Paper in Talks to Merge Distribution Business With Unisource

International Paper Co. (IP) said it is in talks with Unisource about a proposed merger of its distribution business as the company continues its recent push to divest itself of certain assets.Both Xpedx--International Paper's distribution business--and Unisource are business-to-business distributors of printing, packaging and facility supplies."This is a unique opportunity for Xpedx and Unisource to create a new company that is stronger, more competitive and provide even greater value to customers," International Paper Chief Executive John Faraci said.The letter of intent outlines a "Reverse Morris Trust" deal in which International Paper, North America's largest seller of industrial packaging, would contribute the assets of Xpedx to a newly formed corporation and receive a cash dividend financed with debt in the new company's capital structure.The new company would be spun off to International Paper shareholders and immediately thereafter merged with Unisource in a deal intended to b...

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  1. International Paper 1Q Profit Falls, Sales Lag Street View

    International Paper (NYSE:IP) narrowed its first-quarter profit as corporate expenses more than doubled and weaker export paper prices pushed sales below Wall Street...

  2. International Paper CEO on Benefits of Temple-Inland Acquisition

    International Paper CEO John Faraci on the company’s acquisition of Temple-Inland and its acquisitions and growth in emerging markets.

  3. DOJ Clears International Paper's Purchase Of Temple-Inland

    International Paper Co. (IP) will sell three containerboard mills under an antitrust agreement with the U.S. Department of Justice that allows the company to complet...

  4. International Paper Reaches Sweetened $3.48B Buyout of Temple-Inland

    After sweetening its original bid by 5%, International Paper (NYSE:IP) unveiled a $3.48 billion deal on Tuesday to acquire rival Temple-Inland (NYSE:TIN).If increasi...

  5. International Paper CEO on Acquisition of Temple Inland

    International Paper CEO John Faraci on the benefits of the company’s deal to acquire Temple Inland.

  6. International Paper CEO on Takeover Offer for Temple-Inland

    International Paper CEO John Faraci on the company’s hostile takeover bid for Temple-Inland.

  7. Intl Paper Offers $30.60/Share for Temple-Inland

    Shares of corrugated packaging and building products maker Temple-Inland Inc. (NYSE:TIN) soared Monday after the market closed, following an unsolicited takeover bid...

  8. International Paper Company CEO on Rising Commodity Prices

    International Paper Company CEO John Faraci explains how rising commodity prices are impacting his business and weighs in on the risks of a government shutdown.

  1. Brazil, U.S. CEOs Discuss Cooperation in Oil, Tax Reform

    U.S. corporations keen to invest in Brazil oil production could help develop nonconventional gas and oil fields in the country, said executive chiefs of American and...

  2. IP to Sell Temple-Inland Building Products Division for $750 Million

    International Paper Co. (IP) agreed to sell its Temple-Inland Building Products division to building and paper products maker Georgia-Pacific LLC for $750 million in...

  3. International Paper 3rd-Quarter Profit Down 49% on Charges

    International Paper Co.'s (IP) third-quarter profit fell 49%, as the paper-and-packaging company's income was weighed down by costs from its acquisition of rival Tem...

  4. International Paper to Form Joint Venture in Brazil

    International Paper Co. (IP) has agreed to form a joint venture with Grupo Orsa in Brazil, as the paper-and-pulp company continues to expand its global footprint.Und...

  5. Analysis: U.S. manufacturers turn to Russia, with love

    American manufacturing companies are marching on Moscow.At a time when tepid growth at home, a slowing Chinese economy and recession in much of Western Europe is dog...

  6. International Paper Second Quarter Profit Down 39%

    International Paper Co.'s (IP) second-quarter profit fell 39%, but the company predicted maintenance expenses and currency head winds that dragged earnings lower wil...

  7. International Paper Sees EBITA Rising 38% to $5.1 Billion By About 2015

    International Paper Co. (IP) predicted Thursday its pretax earnings will increase by 38% over the next three years or so, as the company raised its cost reduction go...

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