We've got the best bid, we're excited about Champion, it's a company that fits very well with International Paper ( IP : Research , Estimates ). They're headquartered very close to our headquarters. Their businesses fit very well with ours - big printing papers business, an important wood and timber business - and they've got a nice, nice position in Brazil, as well as a position in Canada. We see $425 million in merger benefits from putting two U.S. organizations together.
-John Dillon
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