International Paper announced that it has entered into a definitive agreement to purchase Weyerhaeuser’s pulp business. Under terms of the agreement, IP will acquire five pulp mills and two converting facilities that produce fluff pulp, softwood pulp and specialty pulp for a number of consumer applications including diapers, other hygiene products, tissue, and textiles. Because the transaction is a purchase of assets, International Paper expects to realize a tax benefit with an estimated net ...