NEW YORK, Feb 6- Carlyle Group LP has agreed to buy Illinois Tool Works Inc's industrial packaging unit for $3.2 billion, the private equity firm's latest acquisition of a large unit being carved out of conglomerates.» Read More
*Deal includes $250 mln in cash, $650 mln in notes. *Verso shares up more than 300 percent to $2.75. Jan 6- Coated paper maker Verso Paper Corp said it would buy privately held NewPage Holdings Inc for about $900 million in cash and Verso bonds to form a larger company that can withstand increasing pressure from digital media.
Jan 6- Coated paper producer Verso Paper Corp said it would buy privately held NewPage Holdings Inc for $1.4 billion. The combined company will have annual sales of about $4.5 billion and 11 manufacturing facilities located in six states. NewPage shareholders will receive $250 million in cash and $650 million in notes.
GUANGZHOU, Dec 19- The first day's trading in what will be by far the largest carbon market in China kicked off briskly on Thursday with pricing in line with expectations, as Beijing continues its drive to slow its rapid growth of heat-trapping emissions.
It's tough to produce profits in China, says John Faraci, International Paper chairman & CEO, explaining why his company is looking to find growth in Russia.
NEW YORK, Nov 25- At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc, in a deal that could fetch more than $3 billion, according to people familiar with the matter.
*Third-quarter adj EPS $0.31/ shr vs est $0.25. Oct 31- Canada's Resolute Forest Products Inc reported a better-than-expected profit for the fourth straight quarter as demand for its pulp products improved, sending its shares up 15 percent in early trade.
Oct 24- International Paper Co reported better-than-expected quarterly profit on Thursday, helped by strong sales of corrugated packaging for shipping boxes. John Faraci, the chief executive, said in an interview the global economy continued to improve, but at a pace below its potential.
Oct 24- International Paper Co said on Thursday its quarterly profit rose 61 percent, helped by strong sales of corrugated packaging for shipping boxes. For the third quarter, the company posted net income of $382 million, or 85 cents per share, compared with $237 million, or 54 cents per share, in the year-ago period. Revenue rose 5 percent to $7.41 billion.
MONTEVIDEO, Oct 2- Uruguay on Wednesday allowed the world's top graphic paper maker, Finland's UPM-Kymmene, to increase pulp production at a local plant, raising tensions with neighboring Argentina over accusations of environmental damages.
*Packaging Corp offers $12.55/ share. *Packaging Corp to assume $714 mln of Boise's debt. The deal will secure badly needed production capacity for Packaging Corp, the fourth-largest maker of containerboard and corrugated packaging in the United States, at a time when the industry is consolidating.
Howard Stern was right: Wet wipes may be the next big thing in male grooming. Dollar Shave Club introduces a toilet paper alternative.
A move by China's Ping An Bank to ban its regional branches from approving mortgages may signal that Beijing is set to tighten controls on the property market to calm prices.
John Faraci, Chairman & CEO of International Paper, breaks down the paper company's better-than-expected fourth quarter numbers and discusses where he see growth opportunites.
James Hirschfeld,and Alexa Hirschfeld, Paperless Post, discuss why the e-card powerhouse is going back to paper cards.
Entrepreneurs Jordan and Bryan Silverman have turned men's penchant for bathroom reading into a unique new business. Do they actually have customers?
We pulled together a list of Cramer's favorite dividend plays. Read on and pick one or two for your portfolio. They could offer just the kind of defense that you need.
The "Mad Money" host shares his earnings expectations for International Paper, Procter & Gamble and V.F. Corp.
John Williams, Domtar Corporation president/CEO discusses the company celebrating its fifth year at the NYSE, and the state of the paper business.
IP Chairman and CEO John Faraci talks to Cramer about the company’s growth and its pending merger with Temple-Inland.
We pulled together a list of Jim Cramer's favorite dividend plays. Read on and pick one or two for your portfolio.