IP purchases forest assets.
IP PURCHASES FOREST ASSETS. International Paper, Stamford,
Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. , has announced definitive agreements with two separate
investor groups under which it will sell a total of approximately ap·prox·i·mate
adj.
1. Almost exact or correct: the approximate time of the accident.
2. 5.1
million acres of forestlands for aggregate proceeds of approximately
$6.1 billion. The sale of forestlands is part of International
Paper's previously announced transformation plan to focus on
uncoated papers and industrial and consumer packaging.
COPYRIGHT 2006 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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