| Date | Title | | 11/24/1999 | International Paper Announces Third-Party Verification of Forest Practices| Savannah, Ga. -- International Paper today announced that it has achieved third-party sustainable forestry verification and environmental management certification on
4.7 million acres of its forestlands. This environmental landmark represents the largest amount of forestlands to date to receive independent third-party verification of
conformance with the American Forest & Paper Association's Sustainable Forestry Initiativesm (SFI), coupled with the International Standards Organization (ISO
14... |
| | 11/05/1999 | International Paper Declares Dividend| Purchase, N.Y. -- International Paper today announced a regular quarterly dividend of $.25 per share for the period from October 1, 1999 to December
31, 1999, inclusive. The dividend on the common stock of the company is payable December 15, 1999, to holders of record at the close of business on
November 19, 1999.
Also, the company declared a regular quarterly dividend of $1 per share for the period from October 1, 1999 to December 31, 1999, inclusive, of the
preferred... |
| | 11/01/1999 | International Paper Completes Project Planning For Y2K Bug| Memphis, Tenn. -- After thousands of hours of testing, remediation and contingency planning, International Paper has essentially completed its project
plan to prepare for the so-called millennium bug, the company announced today.
"Instead of viewing the Year 2000 issue as a problem, we seized it as an opportunity to listen to our customers, address their needs, and spend more time
learning how we can work together to achieve success," said Marianne Parrs, executive vice pre... |
| | 10/12/1999 | International Paper Reports Strong Improvement in Operating Earnings for Third Quarter| PURCHASE, N.Y., Oct. 12 /PRNewswire/ -- International Paper (NYSE: IP) reported third-quarter 1999 earnings of $192 million ($.46 per share) before
special and extraordinary items. This is an increase of $92 million ($.22 per share) over second-quarter 1999 net earnings, which were $100 million ($.24 per
share). Third-quarter 1998 earnings before extraordinary items were $81 million ($.20 per share). Third-quarter 1999 net sales were $6.3 billion, up $300 million
from the previous quarter and... |
| | 08/18/1999 | International Paper Acquires Argentina's Bolsaflex| PURCHASE, N.Y., Aug. 18 /PRNewswire/ -- International Paper announced today it has acquired Bolsaflex SA of Buenos Aires, Argentina. Bolsaflex
is a diversified manufacturer of high graphics plastic packaging for pet food, towel and tissue overwrap, snack foods, candy, and bakery products in
Argentina and South America. Bolsaflex employs 100 people and has annual sales of approximately $13 million.
"The acquisition of Bolsaflex broadens our product offering in the region as ... |
| | 08/06/1999 | International Paper Declares Dividend| Purchase, N.Y. -- International Paper today announced a regular quarterly dividend of $.25 per share for the period from July 1, 1999 to September 30,
1999, inclusive. The dividend on the common stock of the company is payable September 15, 1999, to holders of record at the close of business on
August 20, 1999.
Also, the company declared a regular quarterly dividend of $1 per share for the period from July 1, 1999, to September 30, 1999, inclusive, on the
preferred st... |
| | 08/05/1999 | John Dillon Testifies before Congress to Urge Global Free Trade in the Forest Products Sector| Mr. Chairman, Members of the Committee: I am John Dillon, Chairman and CEO of International Paper, and I am pleased to be here today representing
the American Forest and Paper Association. International Paper is the largest forest products company in the world with $24 billion in annual sales,
operations in nearly 50 countries and close to 100,000 employees. In addition, International Paper owns and manages nearly 7.5 million acres of forest
land in the United States.
... |
| | 07/13/1999 | International Paper Reports Strong Improvement in Operating Earnings for Second-Quarter| Purchase, N.Y. -- International Paper reported second-quarter 1999 net
earnings of $99 million, or $.24 a share, before special and extraordinary
items. This is an increase of $67 million ($.16 a share) over first-quarter
1999 earnings, which were $32 million ($.08 per share). Second-quarter
1999 net sales were $6.0 billion, the same as first-quarter 1999. All
previous periods have been restated to include Union Camp Corporation.
International Paper report... |
| | 06/15/1999 | New International Paper Substrates Provide Moisture And Grease Resistance; Support Cohesive Technology| MEMPHIS, TN - Two new International Paper bleached boards offer two important firsts to food packagers as well as the quick-serve food industry:
integral resistance to both grease and moisture, and compatibility with "cohesive" closure materials. Unlike foil, polyethylene or wax-coated materials, the
FDA-approved board is 100-percent recyclable.
The innovative GWF and GWN substrates - which are being targeted at margarine, frozen meals and quick-serve applications - were de... |
| | 05/25/1999 | International Paper Develops New Beverage Packages That Help Retain Flavor, Vitamins| MEMPHIS, Tenn. -- International Paper has introduced a new generation of "Super-Marketing" beverage packaging for juice and milk products which
helps lock in vitamins and retain flavor longer. The new juice packaging, Tru-Taste Gold (TM), features multiple layers of protective material along with
other features that improve the package's integrity by up to 40 percent and enables the juice to retain 15 percent more vitamin C. International Paper's
patented Barrier-Pak (R) techno... |
| | 05/07/1999 | International Paper To Close Two Wayne, N.J., Offices| PURCHASE, N.Y. -- International Paper has announced it
plans to close permanently its offices at 1600 Valley Road
and at 502 Valley Road in Wayne, N.J., as a result of the
recent merger between International Paper and Union
Camp Corporation. The closings are expected to begin on
July 7, 1999. The office at 1600 Valley Road is expected
to be completely closed by the end of 1999. The 502
... |
| | 05/07/1999 | New IP-R-27 Spout System Provides Numerous Consumer Benefits| MEMPHIS, TENN. -- International Paper has introduced a new spout system with a variety of consumer-preferred features for milk and juice products
packaged in gable-top cartons. The system -- which features gable-top cartons, spouts and machinery for assured reliability and compatibility -- is
available globally. The advanced IP-R-27 spout is the result of in-depth consumer research by the company's Beverage Packaging business. It provides a
better grip and a pull-ring which is ... |
| | 04/30/1999 | International Paper, Union Camp Shareowners Approve Merger| Purchase, N.Y. -- International Paper (NYSE: IP)
announced that it will complete its merger with Union Camp
Corporation today as a result of shareowners of both
companies voting to approve the merger. Union Camp
shareowners will receive 1.4852 International Paper
common shares for each Union Camp share held. The total
value of the merger is estimated to be $7.9 billion, including
... |
| | 04/29/1999 | International Paper, Union Camp Announce Share Exchange Ratio| Purchase, N.Y. -- International Paper (NYSE:IP) and Union Camp
Corporation (NYSE:UCC) announced today that upon shareowner
approval of the proposed merger of the two companies, Union Camp
shareowners will receive 1.4852 International Paper common shares for
each Union Camp share held. The exchange ratio was calculated based on
an average closing price of International Paper of $47.80625 per share.
... |
| | 04/27/1999 | International Paper Board Of Directors Elects Three New Members| PURCHASE, N.Y. -- John T. Dillon, chairman and chief
executive officer of
International Paper, announced the election of Robert D.
Kennedy, W. Craig
McClelland, and Jeremiah J. Sheehan to the company,s
Board of Directors. All
three are currently members of the Board of Directors of
Union Camp
Corporation, and will officially join International Paper,... |
| | 04/13/1999 | International Paper Reports First-Quarter Results Of $44 Million, Or $.14 A Share| PURCHASE, N.Y. -- International Paper today reported
first-quarter 1999 earnings of $44 million, or $.14 a share,
compared with fourth-quarter 1998 earnings of $66 million,
or $.21 a share, before special items. First-quarter 1999
net sales were $5.0 billion, the same as fourth-quarter 1998
net sales. First-quarter 1998 earnings were $75 million or
$.25 per share on sales of $4.9 billion. ... |
| | 03/31/1999 | International Paper Releases Final 1998 Earnings| PURCHASE, N.Y. -- International Paper (NYSE: IP)
announced today that final fourth quarter 1998 net earnings
were $54 million, or $.17 per share. This includes a
non-cash charge for impairment of oil and gas properties of
$35 million after tax, or $.11 per share, and a non-cash
credit of $23 million, or $.07 per share, from the reversal of
previously established restructuring reserves that... |
| | 03/30/1999 | International Paper and Union Camp Schedule Shareowner Meetings On Planned Merger| PURCHASE, N.Y.--(BUSINESS WIRE)--March 30,
1999--International Paper and Union Camp Corporation
announced today that the Securities and Exchange
Commission has declared effective the joint proxy
statement/prospectus filed by the two companies.
Both companies have scheduled special shareowner
meetings on Friday, April 30, 1999 to approve the merger,
and expect to close... |
| | 03/16/1999 | International Paper Announces Post-Merger Management Team| PURCHASE, N.Y. -- International Paper Chairman and
Chief Executive Officer John T. Dillon today announced
organizational changes in anticipation of the planned merger
of International Paper and Union Camp Corp.
"These changes in the senior management team, effective as
of the closing of the merger, represent the first phase of a
multi-step plan designed to draw on the best talent ava... |
| | 02/05/1999 | European Commission Clears International Paper-Union Camp Merger| PURCHASE, N.Y. -- The European Commission today
issued its decision clearing
the proposed merger of International Paper and Union
Camp. This follows the
completion yesterday by the U.S. Department of Justice of
its Hart-Scott-Rodino
review of the deal. These two developments should clear
the way for a
shareowner vote in late March and completion of t... |
| | 02/04/1999 | U.S. Justice Department Clears International Paper-Union Camp Merger| PURCHASE, N.Y. -- The U.S. Department of Justice has
concluded its
Hart-Scott-Rodino review of the proposed merger of
International Paper
and Union Camp. This should clear the way for a
shareowner vote in
late March and completion of the transaction on schedule.
"This is certainly a positive development for International
Paper
a... |
| | 02/02/1999 | James A. Henderson Elected to International Paper Board of Directors| PURCHASE, N.Y.--(BUSINESS WIRE)--Feb. 1,
1999--John T. Dillon,
chairman and chief executive officer of
International Paper, announced the election of James A.
Henderson
to the company's Board of Directors. Mr. Henderson was
elected on January 12 and officially joins the board today.
Mr. Henderson is chairman of the board and chief
executive offic... |
| | 01/12/1999 | International Paper Reports Fourth-Quarter Results Of $66 Million, Or $.21 A Share, Before Special Items| PURCHASE, N.Y. -- International Paper today reported
fourth-quarter 1998 earnings of $66 million, or $.21 a
share, before special items. This represents a 16 percent
decrease from third-quarter 1998 earnings of $77 million,
or $.25 a share, before special items. Fourth-quarter 1998
net sales were $5 billion, compared with third-quarter 1998
net sales of $4.9 billion. Earnings before specia... |
| | 01/05/1999 | International Paper Completes Purchase Of Majority Interest In Russian Pulp And Paper Business| PURCHASE, N.Y. -- International Paper (NYSE: IP)
today announced that it has completed its purchase of a
majority interest in OAO Svetogorsk, a Russia-based pulp
and paper business. "This investment makes sense because
Svetogorsk's product lines complement ours, the mill has
excellent cost potential, and it helps us serve the growing
markets of Europe," noted Robert Amen, president of
... |
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