(RTTNews) – International Paper (IP) has entered into an agreement with West Coast Paper Mills Limited to sell its controlling interest in Internationa
Source: markets.businessinsider.com
International Paper (NYSE: IP) has inked an agreement with West Coast Paper Mills Limited to sell its controlling interest in International Paper APPM Limited, as the Company wants to focus on its global packaging and cellulose fibers businesses. West Coast Paper Mills will launch a tender offer to acquire up to all of the APPM shares owned by public shareholders, representing 25% of outstanding shares of International Paper APPM. The transaction is expected to close by the end of 2019.
