The past months have been eventful for
International Paper (IP). Mission Wealth Management LP notably increased their shares, indicating a positive investment outlook. Significant movements also surround its rumored
acquisition of DS Smith, initially estimated to be a $9.9 billion deal. However, IP's Q1 earnings fell below expectations, potentially impacting the company's stock performance. The company also saw
changes on board and the election of a new CEO. Brazil's Suzano emerged as a possible contender, preparing a
$15 billion bid to acquire IP, a move that would likely disrupt the DS Smith deal. Meanwhile, IP's strategic actions demonstrate their planning for future growth. Despite allegations about an overpriced stock, IP's stock reached a 52-week high, driven by its deal with DS Smith and the potential deal with Suzano. Moving forward, it will be key to keep an eye on the outcome of these bids and the strategic choices of the company.
International Paper IP News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sun, 07 Jul 2024 19:57:00 GMT -
Rating 0
- Innovation -4
- Information 10
- Rumor -7