IP in Talks to Buy West Coast Paper, India

http://articles.economictimes.indiatimes.com/2012-09-06/news/33650134_1_west-coast-paper-international-paper-indian-paper

Having whetted its appetite, the US-based International Paper, which last year acquired Andhra Paper Mills for about $425 million (about 1,900 crore then), is now in talks to buy the SK Bangur-controlled West Coast Paper for a deal likely to be valued between 800 crore and 1,200 crore.

An initial round of negotiations between the Memphis-based International Paper and West Coast Paper was held recently where valuations and future expansion plans for the plant located in Dandelli, Karnataka, were discussed.