International Paper has been a subject of several news stories recently. A standout among these stories is the report of a purported
$15 billion takeover bid by Brazil’s Suzano. While some analysts deem the potential deal unlikely, the speculation has driven the company's stocks to a new high, reaching a 12-month peak at
$41.30. The company also announced plans to
acquire DS Smith in a deal estimated at $9.9 billion, stirring up a potential bidding war in the process. International Paper's
first-quarter 2024 results have been released, but specific figures weren’t referred to, leaving space for speculation. In addition, the
acquisition of Berkley's Molded Fiber Unit was announced, and the company's top executives' earnings for 2023 were uncovered. With 83% of shares owned by institutional investors, International Paper has strong institutional backing. The possibility of a London listing is in the talks if the DS Smith deal is concluded. Speculations about the
company’s Q1 earnings, including possible declines and the impact of weak volumes are abound. Notwithstanding, International Paper declared a quarterly dividend, and the new CEO has been elected. In light of some challenging market conditions, a
-13.3% plunge was experienced in 4 weeks, although there are arguments that the trend could reverse. Furthermore, the company is one step closer to a stronger ESG profile following being named one of 2024 World's Most Ethical Companies.
International Paper IP News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Tue, 07 May 2024 20:47:26 GMT -
Rating 5
- Innovation 1
- Information 3
- Rumor -3
