Temple-Inland Stockholders Overwhelmingly Approve Merger With International Paper
Temple-Inland Inc. (NYSE: TIN) announced that at its Special Meeting of Stockholders held today, Temple-Inland stockholders voted to approve the adoption of the merger agreement with International Paper Company (IP), with 86,908,118 shares of Temple-Inland common stock voting in favor of the merger, representing over 98 percent of the shares voted. All other matters submitted to a vote of the stockholders were also approved.
Completion of the merger is subject to other customary closing conditions, including the receipt of regulatory approval.
About Temple-Inland Inc.
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.
The building products operation manufactures a diverse line of building
products for new home construction, commercial and repair and remodeling
markets. Temple-Inland's address on the World Wide Web is
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