Suzano is reported to be preparing a $15B bid for
International Paper. This has potential to derail the plans of DS Smith's acquisition, causing a wave of volatility in the market.
International Paper has released their 2023 Sustainability Report, demonstrating their concern for sustainable and environmentally friendly practices. There are also reports of insider selling and a sharp increase in the company's shares. Both International Paper and Suzano have played down the $15B merger news, leaving the market intrigued and speculation high.
Brazilian company, Suzano's bid for International Paper could prove strategically positive, but has yet to be confirmed after the former denied the rumors. Meanwhile, International Paper's significant dividend declaration and agreements, particularly the $7.4Bn deal with DS Smith, reinforces its strong market position. However, there have been concerns about its high usage of debt.
International Paper has also had a full plate with the elevation of Silvernail to CEO and their recent earnings miss due to lower prices.
International Paper IP News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 18:22:23 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
