Deals
Bid & Ask: The Deals of the Week
Noteworthy expenditures of the week
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1. International Paper agreed to buy corrugated packaging manufacturer Temple-Inland for $3.7 billion, increasing its all-cash bid rather than mounting a hostile takeover.
2. Former BP CEO Tony Hayward’s investment vehicle, Vallares, will merge with Turkey’s Genel Energy International in a $2.1 billion deal to gain oil fields in Iraq’s Kurdistan region.