International Paper eyes West Coast Paper; stock down 4%

US-based International Paper is eyeing West Coast Paper Mills. The deal is seen around Rs 800-1200 crore, reports The Economic Times.

International Paper bought AP Paper earlier this year.
West Coast Paper touched an intraday high of Rs 75.60 and an intraday low of Rs 67.30. At 09:19 hrs the share was quoting at Rs 68.15, down Rs 2.75, or 3.88%.
 
It was trading with volumes of 478,716 shares. In the previous trading session, the share closed up 5.58% or Rs 3.75 at Rs 70.90.
The company's trailing 12-month (TTM) EPS was at Rs 14.36 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 4.69. The latest book value of the company is Rs 86.33 per share. At current value, the price-to-book value of the company was 0.78. The dividend yield of the company was 0.3%.