Champion Enters Talks With International Paper

Article Abstract:

Champion International Corp. has begun talks with International Paper Co. which could result in Champion being bought for $6.2 billion ($64 a share). In order to keep its deal with Champion, UPM-Kymmene Corp. may raise its bid to $66 a share or more.

Finland, LUMBER AND WOOD PRODUCTS, Wood & Wood Products, Wood Product Manufacturing, Planning, Forest products industry, UPM-Kymmene Corp.

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International Paper's bid is 'superior,' Champion says

Article Abstract:

International Paper Co.'s $7.3 billion (8.05 billion euros) offer to acquire Champion International Corp. has been called "superior" by the latter. International's bid is higher than UPM-Kymmene Corp.'s $70 per share offer.

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International Paper finds itself pressed to improve results

Article Abstract:

International Paper Co. must deal with major challenges following its $7.3 billion acquisition of Champion International Corp. The company must sell assets quickly, integrate other assets, and improve its share value.

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