I’m Christina Collins with CRWE Newswire — Today’s company highlight is Temple-Inland Incorporated trading with the symbol TIN. Temple-Inland Incorporated is a manufacturing company focused on corrugated packaging and building products. The fully integrated corrugated packaging operation consists of 7 mills and 59 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 recently reported that it received an unsolicited proposal from International Paper Company to acquire the Company for $30.60 per Temple-Inland share in cash. Temple-Inland’s Board of Directors, after careful consideration with its independent financial and legal advisors, voted unanimously to reject International Paper’s proposal after the Board determined unanimously that the proposal grossly undervalues Temple-Inland and is not in the best interest of Temple-Inland’s stockholders. Based on the Company’s internal estimates, as well as Wall Street consensus estimates, Temple-Inland’s Board believes the Company’s accelerating growth of earnings and Return On Investment will result in superior value to that offered by International Paper in a sale transaction. For more information about Temple-Inland Incorporated, symbol TIN, visit www.temple-inland.com. I’m Christina Collins with CRWE Newswire
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