International Paper Company (NYSE:IP) Files An 8-K Regulation FD Disclosure

ME Staff 8-k
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International Paper Company (NYSE:IP) Files An 8-K Regulation FD Disclosure

International Paper Company (NYSE:IP) Files An 8-K Regulation FD Disclosure
Item 7.01 of this Report, including the exhibit, is being furnished to Item 7.01 of Form 8-K and General Instruction B.2 thereunder. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

SECTION 7. REGULATION FD.

Item 7.01. Regulation FD Disclosure.

On May 29, 2019, International Paper Company (the “Company”) issued a press release announcing the transaction agreement described below under Item 8.01. Attached as Exhibit 99.1 is a copy of the press release.

SECTION 8. OTHER EVENTS.

Item 8.01. Other Events.

On May 29, 2019, the Company entered into an agreement with West Coast Paper Mills Limited to sell its controlling interest in International Paper APPM Limited (“APPM”), an India-based paper business, at a price per share of 275 Indian rupees. The Company owns approximately 30 million (or 75 percent) of the outstanding shares of APPM. As a result of signing this agreement, the Company expects to recognize an aggregate non-cash charge to second quarter 2019 earnings of approximately $140 million before and after tax.

SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.

Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits.

99.1    Press Release of International Paper Company dated May 29, 2019.

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INTERNATIONAL PAPER CO /NEW/ Exhibit
EX-99.1 2 d731403dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   INTERNATIONAL PLACE 6400 POPLAR AVENUE MEMPHIS,…
To view the full exhibit click here

About International Paper Company (NYSE:IP)

International Paper Company (International Paper) is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging. It is a manufacturer of containerboard in the United States. Its products include whitetop, recycled linerboard and saturating kraft. It is the producer of printing and writing papers. The products in Printing Papers segment include uncoated papers and pulp. Its uncoated papers engage in the business of producing papers for use in copiers, desktop and laser printers and digital imaging. Its uncoated papers are sold under private label and International Paper brand names that include Hammermill, Springhill, Ballet, Pol and Svetocopy. Its Everest, Fortress, and Starcote brands are used in packaging applications for everyday products, such as food and tobacco products.