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Management Side
Temple-Inland Shareholders Approve Merger With International Paper
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Austin, Texas, USA, 07 December 2011 -- (BUSINESS WIRE) -- Temple-Inland Inc. (NYSE: TIN) announced that at its special meeting of stockholders held today, Temple-Inland stockholders voted to approve the adoption of the merger agreement with International Paper Company (IP), with 86,908,118 shares of Temple-Inland common stock voting in favor of the merger, representing more than 98% of the shares voted. All other matters submitted to a vote of the stockholders were also approved.

Completion of the merger is subject to other customary closing conditions, including the receipt of regulatory approval.

Temple-Inland Inc. is a manufacturing company focused on corrugated packaging and building products. The fully integrated corrugated packaging operation consists of seven mills and 57 converting facilities. The building products operation manufactures a diverse line of building products for new home construction, commercial, and repair and remodeling markets. For additional information, visit www.templeinland.com.



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