Recent updates hint at several critical developments around
International Paper. The company has made changes to its
Board of Directors and witnessed significant
share investments from firms such as
Norges Bank, Clearbridge Investments and Avantax Advisory Services.
Suzano, the Brazilian Paper manufacturer, is reportedly preparing a
$15B bid for International Paper, which could destabilize the planned acquisition of DS Smith, currently valued at
$7.4Bn. Jefferies Financial Group upgraded its rating for International Paper to '
Buy', indicating a positive trend. The company's share prices have fluctuated, recently gapping up to
$44.16. The Q1 2024 report reveals a missed target due to lower prices, despite a dividend declaration. The company's new CEO has been elected while speculations about a potential
takeover bid by Suzano continue. There's an ongoing investigation into International Paper's M&A, which may affect company dynamics. In terms of sustainability, the company has published its 2023 report but has been questioned about its
high debt usage. Finally, the news of a Texas mill shut down due to a cyberattack brings a note of caution.
International Paper IP News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 15:43:02 GMT -
Innovation -2
- Information 5
- Rumor -5
