Temple-Inland Stock Drops - KTRE.com | Lufkin and Nacogdoches, Texas

03/29/05

Temple-Inland Stock Drops

Temple Inland investors are recovering from a nose dive in the company's stock shares. The fall came after billionaire financier Carl Icahn told the company he doesn't plan to nominate candidates for its board. Analysts believe it signals that Icahn won't push to control the company and possibly break it up.

Temple Inland is not commenting on the decision. Opinions remain divided on the likelihood of any business split-up. If it happens it could bring changes to property holdings that remain in East Texas.

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