We've said all along that bringing together International Paper and Champion makes good sense because of the tremendous opportunities presented by a combined organization.
Now that the merger is completed and we have had a closer look into Champion's businesses, we are even more optimistic about the opportunities this acquisition will provide,
Our cash and stock offer is far more attractive to Champion shareholders,
Champion declared our offer to be superior yesterday, ... So at this point we are the superior offer and we expect to go forward and merge the two companies.