Updated with closing prices.
NEW YORK ( TheStreet) -- In this case, it looks like the third time wasn't the charm.
Shares of the paper and packaging companies were weak on Monday following news that a containerboard price increase instituted in August, the industry's third since the start of the year, hasn't stuck.
According to Deutsche Bank, industry periodical Pulp & Paper Week, revised published prices for August lower late on Friday with the editors citing "price concessions by small producers and an inability to raise corrugated box and sheet prices." The firm said the "abrupt shift" in the published price to $640/ton from $680/ton was a surprise, and quickly slashed its earnings estimates for the group."If one assumes that 2011 average prices will now be $40/ton lower, $1.4B
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