Suzano, a Brazilian company, reportedly prepared a
$15 billion bid for
International Paper (IP). However, both companies later dismissed this report. IP's stock showed fluctuations amidst rumors of the acquisition and a possible deal with
DS Smith.
Principal Securities Inc. and Texas Capital Bank Wealth Management Services Inc. adjusted their shareholdings of IP. Meanwhile,
NBC Securities Inc. and Dimensional Fund Advisors LP sold off some shares of IP. IP revealed its
first quarter 2024 results and a
2023 Sustainability Report. The company announced the election of a new CEO and a
$7.4 billion agreement to acquire DS Smith, leading to speculation of a bidding war. IP faced challenges in 2023, reflecting in earnings. Despite weak volumes, it announced a quarterly dividend of $0.46. The company closed a mill in Texas, but opened a new corrugated packaging facility in Pennsylvania. IP earned a spot in the 2024 list of the world's most ethical companies and best places to work in IT. The company's 4.7% dividend yield received attention amid restructuring efforts, while share prices fluctuated. Analysts have given IP an average recommendation of 'Moderate Buy'.
International Paper IP News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 16:51:13 GMT -
Rating 0
- Innovation 3
- Information 7
- Rumor -1
