Attached files
| file | filename |
|---|---|
| 8-K - SPECIAL MEETING VOTE RESULTS - TEMPLE INLAND INC | tin8k20111207.htm |
Exhibit 99.1
NEWS
RELEASE_______________________________________________
CONTACT: Chris Mathis
(512) 434-3766
TEMPLE-INLAND STOCKHOLDERS OVERWHELMINGLY APPROVE
MERGER WITH INTERNATIONAL PAPER
AUSTIN, TX – December 7, 2011 — Temple-Inland Inc. (NYSE: TIN) announced that at its Special Meeting of Stockholders held today, Temple-Inland stockholders voted to approve the adoption of the merger agreement with International Paper Company (IP), with 86,908,118 shares of Temple-Inland common stock voting in favor of the merger, representing over 98 percent of the shares voted. All other matters submitted to a vote of the stockholders were also approved.
Completion of the merger is subject to other customary closing conditions, including the receipt of regulatory approval.
About Temple-Inland Inc.
Temple-Inland Inc. is a manufacturing company focused on corrugated packaging and building products. The fully integrated corrugated packaging operation consists of 7 mills and 57 converting facilities. The building products operation manufactures a diverse line of building products for new home construction, commercial and repair and remodeling markets. Temple-Inland's address on the World Wide Web is www.templeinland.com.
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