International Paper Company

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

International Paper Company and Temple-Inland Inc. have agreed with the U.S. Department of Justice 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."