Businessweek Archives

Pulp Fiction?


In Business This Week: CLOSING BELL

PULP FICTION?

Well, it certainly looks suspicious. In the nine days before International Paper announced its $2.7 billion acquisition of Federal Paper Board, normally languid Federal Paper shares shot up 27%. IP says Federal approached it about a deal around the time the stock started its spurt. But Federal's availability was no secret, says one analyst: "Federal has been the perennial buyout candidate." Federal says it engaged investment bankers months ago. "You know what happens," says an executive. "It gets out."EDITED BY KEITH H. HAMMONDS


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus