Recent developments involving International Paper have marked significant activity within the company. The market buzz surrounds mostly the
possible acquisition by Brazilian firm Suzano and its back-and-forth announcements regarding the $15 billion bid. While
International Paper's stock showed a positive response on these speculations, analysts seem skeptical about the likelihood of the deal. The company's planned acquisition of DS Smith could also be impacted by these developments.
Silvernail was recently elected as the new CEO of International Paper, another noteworthy event. The company also reported its first quarter 2024 results and the
rise of its share value above the 200-day moving average. Yet, amidst all these, several institutional investors and wealth management groups have been adjusting their positions on the International Paper's stock. The
New York Life Investment Management LLC, Swiss National Bank, and Sapient Capital LLC are among the firms that have shifted their IP holdings. Meanwhile, International Paper continues to expand its portfolio and make strategic moves, one of which includes the
acquisition of Berkley's Molded Fiber Unit. The much-debated DS Smith acquisition is also moving forward, opening potential avenues for further growth.
International Paper IP News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Wed, 08 May 2024 18:36:00 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 6
