31. -- International Paper Co . to buy Federal Paper Board Co . for $ 3 . 5 billion, including debt. 32. Cut a paper board and the others copied it . talk ) 04 : 37, 28 May 2008 ( UTC) 33. Federal Paper Board shares surged 16 percent, or 7 1 / 8, to 52 5 / 8 in midday trading. 34. Federal Paper Board shares surged 15 percent, or 6 3 / 4, to 52 1 / 4 in midafternooon trading. 35. Haegglund's appointment bodes well for the addition of fine paper and paper board plants to the Brazilian project early next century. 36. The deal, worth $ 55 a share, represents a 20.9 percent premium over Federal Paper Board 's closing stock price on Friday. 37. Federal Paper Board lost $ 47 million trading derivatives with Bankers Trust, according to the P & AMP; G court documents. 38. Montvale, New Jersey-based Federal Paper Board is a maker of paperboard used in boxes for cigarettes, laundry detergent and consumer products. 39. The packaging was changed again in 2012 when the company moved to half wrapped sandwich packaged in a paper board box. 40. FCML is a part of the Siyaram Poddar Group ( SPG ) the group having interests in textiles, tyres & paper boards .