Just Say No: To a 45% Premium?

June 6, 2011

This afternoon, the NY Times Dealbook reported that packaging maker Temple-Inland rejected an unsolicited offer from International Paper that amounted to a 45% premium.  Temple-Inland is saying that the offer “grossly undervalues” the company.  It better get its poison pill ready, because a hostile takeover is coming.

UPDATE:  Here is the hostile takeover.

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