The buzz in the paper industry was dominated by
International Paper, denoted by
IP on the New York Stock Exchange. Notably, IP was reported to be on the receiving end of a
$15 billion bid from Brazil’s Suzano, although Suzano later denied the allegations. Despite that, some analysts expressed skepticism about a potential deal between the two. There's also buzz surrounding the ongoing negotiations for IP’s
acquisition of DS Smith, a move considered strategically significant. While agreements were announced, IP’s shareholders are reported to have experienced a
13% loss if they invested five years ago. Meanwhile, there has been an increase in
call options purchases on IP, indicating aggressive buying behavior. Surprisingly, some key IP executives experienced an increase in stock compensation in 2023. Quite remarkably, the company appointed a new CEO and announced its Q1 2023 results which missed expectations due to lower prices. Another significant event was the business' decision to have a
London listing should it ink a deal with DS Smith. The company also announced its intention to
purchase Berkley’s Molded Fiber Unit and shutter its mill in Texas.
International Paper IP News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 12:08:52 GMT -
Rating 8
- Innovation 3
- Information 5
- Rumor 4
