Temple-Inland has announced that it is splitting the company into three pieces and selling its "1.8 million acres of timberland in Texas, Louisiana, Alabama and Georgia." This should cause a little excitement among the TIMOs along with some late night and weekend work for a few folks!
Icahn's comments: "Temple-Inland's management and board of directors should be commended for listening to the concerns that we and other shareholders have expressed and for announcing plans to take the actions we suggested" Looks like he made his money without a takeover. The stock was up 13% on yesterdays news. Click here for a little more detail.