US CREDIT-Temple-Inland debt may have room to rally

Newswire

By Karen Brettell NEW YORK, Feb 27 (Reuters) - Temple-Inland Inc.'s spreads tightened on Tuesday after the company announced plans to separate into three stand-alone companies and sell its timberland assets and, depending on how the remaining business is structured, its debt may have room for further improvement. The U.S. forest products company, which has been under pressure from activist investor Carl Icahn, said on Monday the spinoffs would include its financial services operations in ...

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