Monday, August 6, 2007

Temple-Inland to sell timberland for $2.38 bln

(Reuters) - The company then expects to use some of its expected $1.8
billion in sale proceeds to pay a special dividend estimated at
$1.1 billion, or $10.25 per share. The remaining $700 million
will be used to reduce debt.




The Campbell Group is a timberland investment management
company headquartered in Portland, Oregon.



Read more at Reuters.com Bonds News

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