International Paper (IP) recently saw its shares sold by LSV Asset Management and announced a dividend. In addition, the company also declared a quarterly dividend. Meanwhile, Suzano withdrew its bid to acquire IP, despite preparing a $15 billion bid earlier. IP also celebrated the National Forest Week and public-private partnerships, and announced a $9.9 billion deal to acquire DS Smith. The company's stock has been fluctuating, with price targets being raised by Wells Fargo & Company. IP also elected a new CEO and reported its first quarter 2024 results. Furthermore, reports surfaced about Brazil's Suzano preparing another bid for IP, which was later denied by Suzano. The company saw its 2023 results impacted by challenging market conditions and published its 2023 Sustainability Report. IP is considering taking strategic actions and has 83% institutional ownership. Moreover, Suzano is rumored to be interested in acquiring IP's assets, and Jefferies suggests debt financing is being considered for the potential deal. Finally, the company is also dealing with the aftermath of failed merger talks which affected its stock's value, while speculations continue around Suzano's interests in IP.
International Paper IP News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 11:06:08 GMT -
Rating 4
- Innovation -2
- Information 6
- Rumor -6
