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US: Int’l Paper not worried about antitrust probe

By  |  May 3, 2016

Aggressive antitrust enforcement isn’t worrying International Paper as it awaits regulatory approval of its $2.2 billion acquisition of assets from Weyerhaeuser.

“It’s certainly a deal that can get done,” said Carol Roberts, International Paper’s chief financial officer, in an interview.

The transaction, announced on Monday, needs approval from antitrust regulators. The Memphis, Tenn. paper and packing company is buying five pulp mills and two facilities that produce pulp used to make items such as diapers, tissues and textiles.

Yet regulators have struck down several large deals in recent months. On Sunday, oil-services company Baker Hughes canceled its pending $35 billion merger with Halliburton after the Justice Department sued to block the merger because of concerns about lower competition in the space.

Full Content: The Wall Street Journal

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