IP, T-I Extend Regulatory Review Timing Agreements with DOJ
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International Paper Co., Memphis, Tenn., USA, and Temple-Inland Inc., Austin, Texas, this week said they have agreed with the U.S. Department of Justice (DOJ) to extend the review period for their pending merger until Jan. 27, 2012. Previously, the companies had agreed with the DOJ not to consummate their merger prior to December 31, 2011. The companies also agreed to extend the outside date under their merger agreement from June 6 to June 28, 2012.
International Paper SVP and General Counsel Sharon Ryan said that "we continue to cooperate with the Department of Justice and look forward to satisfying the closing conditions for the completion of this transaction."
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