International Paper, Temple-Inland Extend Regulatory Review Timing Agreements With the DOJ

Dec. 19, 2011 (Press Release) - International Paper Company and Temple-Inland Inc. today announced that they have agreed with the U.S. Department of Justice ("DOJ") to extend the review period for their pending merger until January 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 Senior Vice President and General Counsel Sharon Ryan said , "We continue to cooperate with the Department of Justice and look forward to satisfying the closing conditions for the completion of this transaction."

SOURCE: International Paper