date:May 03, 2013
pedx business, which delivers many of the products IP makes, has seen sales tumble roughly 25 percent since the recession due to slipping demand for paper.
Faraci said on Thursday that IP will own more than 50 percent of the joint venture after the tax-free, Reverse Morris Trust transaction concludes.
This combination gives both companies the ability to create lots of merger benefits, which can enable both companies to earn attractive returns for shareholders, Faraci said. We think that's poss