The news reveals a busy period for International Paper (IP). The company has seen significant buying, selling and option trading activities from various financial entities. Recent events include the $15B bid for the company by Brazil's Suzano which has possibly intensified with Suzano reportedly ready to increase their bid. Furthermore, the company is proposing a merger with DS Smith, a move praised by experts as it is likely to strengthen the combined packaging business. Moreover, IP has also appointed a new CEO, Silvernail, an event that saw the company's stock price spike. Yet, this is met by concerns regarding IP's financial prospects and the potential impact of weak volumes. Nevertheless, IP reported an 83% ownership by institutional investors, signaling strong backing. Other important events include publication of the 2023 Sustainability Report and focus on achieving sustainability goals through smarter supply chains. IP is set to open a new corrugated packaging facility and has pledged to list on London Stock Exchange.
International Paper IP News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 13:40:26 GMT - Rating 5 - Innovation 3 - Information 3 - Rumor 1
