It has been a dynamic few weeks for
International Paper . Recent developments have seen investment company
Oppenheimer & Co. Inc. offloading its shares, and
Suzano, showing great interest in International Paper assets, has reportedly been considering debt financing to fund potential bids. Meanwhile, portfolio management firms like
Tower Research Capital LLC TRC and
CIBC Asset Management Inc. have been adjusting their holdings in the paper giant. The company has also witnessed a new
52-week high for its shares, prompting consideration as to what is driving this performance. Operational adjustments are underway, with changes to the
Board of Directors, and a recent
agreement to acquire DS Smith further setting the stage for organizational transformation.
Brazil's Suzano has been alluded to be preparing a sizable bid for International Paper, creating a buzz in the market. Additionally, the retirement system of California state teachers fund has reduced its shares in the company. Despite an earnings miss in Q1 due to lower prices, International Paper continues to hold its ground, driving the conversation towards its ongoing strategic actions, new CEO appointment, and finally its resilient dividends payout. These actions hint strong confidence from the company.
International Paper IP News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 23:31:13 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor 0
