Temple-Inland Bows to Icahn

The Texas paper products maker yields to Icahn's wishes on splitting itself up, and its stock jumps nearly 13%

After years of pushing for the break-up of Temple-Inland Inc. (TIN), shareholder activist Carl C. Icahn appears to have finally gotten his wish. The forest-products company said Feb. 26 that it plans to split into three public companies and sell its timberlands by year-end.

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