Temple-Inland stockholders overwhelmingly approve merger with International Paper
Dec 07, 2011. Temple-Inland Inc. stockholders voted to approve the adoption of the merger agreement with International Paper Company, with 86,908,118 shares of Temple-Inland common stock voting in favor of the merger, representing over 98% of the shares voted. All other matters submitted to a vote of the stockholders were also approved.
Dec 07, 2011. /Lesprom Network/. Temple-Inland Inc. stockholders voted to approve the adoption of the merger agreement with International Paper Company, with 86,908,118 shares of Temple-Inland common stock voting in favor of the merger, representing over 98% of the shares voted. All other matters submitted to a vote of the stockholders were also approved, as the company said in a press release received by Lesprom Network.
Completion of the merger is subject to other customary closing conditions, including the receipt of regulatory approval.
Temple-Inland Inc. is a manufacturing company focused on corrugated packaging and building products. The fully integrated corrugated packaging operation consists of 7 mills and 57 converting facilities.