These second-quarter results continue the favorable trend in industry conditions that we began to see earlier this year. We will be divesting or closing operations that no longer meet the company's financial or strategic objectives. |
They're headquartered very close to our headquarters, their businesses fit very well with ours - big printing papers business, an important wood and timber business - they've got a nice, nice position in Brazil, as well as a position in Canada, |
This survey reflects that CEOs are more concerned about the weakness in the economy than they were six months ago. |
Those are just a real necessity, |
We cannot continue to operate |
We completed the first quarter with strong momentum, and we continue to improve our underlying cost structure in a difficult macro environment, |
We've got the best bid, we're excited about Champion, it's a company that fits very well with International Paper ( IP : Research , Estimates ). They're headquartered very close to our headquarters. Their businesses fit very well with ours - big printing papers business, an important wood and timber business - and they've got a nice, nice position in Brazil, as well as a position in Canada. We see $425 million in merger benefits from putting two U.S. organizations together. |
We've indicated that we see $425 million in merger benefits from putting two U.S. organizations together, ... That's somewhat different than with UPM, of course; they're headquartered in Finland, and they will not see the same kind of merger benefits that we will, and merger benefits are important in acquisitions and mergers. |
We've said all along that bringing together International Paper and Champion makes good sense because of the tremendous opportunities presented by a combined organization. |