International Paper Co is set to pickup majority stake of 53.5% in AP Paper for about USD 257 million in cash. Commenting on the deal CNBC-TV18’s managing editor Udayan Mukherjee says it should be quite good or charging up for the paper sector today because the deal has been struck at a huge premium to the current market price of AP Paper.
first published: Mar 30, 2011 09:37 am
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