Rock-Tenn Up 4% On Sector Bid
International Paper's bid for Temple-Inland was worth $3.4 billion, or nearly 40% higher than where shares of Temple-Inland were trading yesterday.
At last check, shares of Rock-Tenn were up $2.58 to $71.16, a gain of 3.7% on 1.7 million shares.
Rock-Tenn Company manufactures and sells packaging products, recycled paperboard, containerboard, bleached paperboard, and merchandising displays worldwide.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.