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Stora Enso to Purchase Consolidated Papers
Updated from 9:14 a.m. EST
Continuing the spate of mergers in the paper industry, Finland's Stora Enso has agreed to acquire American competitor Consolidated Papers (CDP Quote) for 4.9 billion euros, or $4.8 billion, in stock, cash and debt.
The new company will have the world's largest capacity to make paper and cardboard. ...
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