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Security Profile
- Security Type
- Common Stock
- CUSIP
- 460146103
- Market Cap
- Large Cap · $19 Billion
Business: International Paper Co. is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers.
Notes: June 10, 2014 -- International Paper (NYSE:IP) today announced the timing and additional details regarding the spinoff of its distribution solutions business, xpedx. As previously announced, immediately following the spinoff of the xpedx business to International Paper shareholders, UWW Holdings, Inc., the parent company of Unisource Worldwide, Inc. will merge with and into the xpedx business to form a new, publicly-traded company, Veritiv Corporation, to be listed on the NYSE on July 2, 2014 under symbol VRTV. Immediately after the spinoff and the merger, Veritiv will own and operate the combined distribution solutions businesses of xpedx and Unisource.
Company Contact
- CEO
- Mark S. Sutton
- CFO
- Tim S. Nicholls
- Headquarters
- 6400 Poplar Avenue, Memphis, TN 38197
- Phone
- 901-419-7000 · Toll-Free 800-207-4003
- Investor Relations
- Jay Royalty · 901-419-1731