OTHER NEWS - June 10, 1995
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International Paper Tightens Screws: International Paper Co. stepped up its fight to acquire Holvis by requesting a special meeting of the Swiss company’s shareholders and calling for its board to be dismissed. IP, the world’s largest paper company, began Switzerland’s first takeover battle with an unsolicited bid for Holvis in April. Holvis said its board would meet to study the request from IP, which has a 25% stake in the Basel-based firm. The Swiss group has recommended a rival $383-million bid from BBA Group, a British industrial company.
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