To ward off International Paper Co’s (IP) offer of $3.3 billion or $30.60 per share in cash made earlier this week, Temple-Inland Inc. (TIN) has adopted a stockholder rights plan and declared dividend distribution of preferred share purchase rights on each outstanding share of Temple-Inland common stock. According to Temple-Inland, the rights will be exercisable [...] (IP) Temple-Inland Responds to International Paper Bid