In other IP news.IN OTHER IP NEWS: The company has signed a lock-in agreement with Rank Group Investments Ltd., New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. to sell its shares of Carter Holt Harvey Carter Holt Harvey is an Australasian forest products company, with significant interests in wood products, pulp, paper and packaging. The company employs approximately 10,500 people across Australasia. Limited (CHH CHH Cartilage Hair Hypoplasia CHH Crustacean Hyperglycemic Hormone CHH Carter Holt Harvey Limited (Australia & New Zealand) CHH Chuan Hup Holdings Limited (Singapore) CHH Certified Hardware Hosineer ) into a full takeover offer to all shareholders. The agreement requires that IP accept the Rank Group's takeover offer of NZ$ 2.50 (US$ 1.76) per share for IP's 660,843,571 ordinary shares, which represent 50.5% of New Zealand-based CHH. This same price will be offered to all shareholders in a full takeover offer by the Rank Group, in compliance with the New Zealand Takeovers Code. [ILLUSTRATION OMITTED] ABOUT THE AUTHOR The WorldWatch section in Solutions! magazine is written by Sara M. Scharpf, a writer based in Oshkosh, Wisconsin Oshkosh is a city located where the Fox River enters Lake Winnebago in Winnebago County, Wisconsin. As of the 2000 census, the city had a total population of 62,916. It has a metropolitan area of 159,972 people. , USA. Contact her by email at sara@sgrpi.com. |
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