Ichan buys additional shares of Temple-Inland

By Lisa Kerner

Charlotte, N.C., Nov. 21 - Investors led by Carl C. Icahn and affiliates bought 955,442 shares of Temple-Inland Inc. stock increasing their stake in the company to 9.77% from 8.88%.

The shares were purchased between Nov. 15 and Nov. 19 priced from $41.04 and $45.65 each, according to a schedule 13D filing with the Securities and Exchange Commission.

. The reporting persons own 10,366,491 shares of the Austin, Texas-based company.

Temple-Inland, through its subsidiaries, engages in corrugated packaging, forest products, real estate and financial services businesses.

It was previously reported that the reporting persons entered into a number of derivative agreements, or total return swaps, and have long economic exposure to 3,506,600 shares through such agreements.

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