Suzano Approaches International Paper on Bid, Reuters Says [Yahoo! Finance Canada]
International Paper Company (IP)
Last international paper company earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
internationalpaper.com/performance
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Source: Yahoo! Finance Canada
Co. about a potential all-cash offer valuing the US company at almost $15 billion, Reuters reported. Most Read from Bloomberg The potential bid of $42 a share by the Brazilian producer was communicated verbally and a formal proposal may be submitted in coming days, Reuters said, citing people familiar with the matter. Such an offer would be a 14% premium to International Paper's closing price Monday. ADVERTISEMENT The move comes less than a month after International Paper agreed to buy UK packaging rival DS Smith Plc for £5.8 billion ($7.3 billion). Suzano is in talks with potential lenders to finance its transaction, the terms of which would require International Paper to abandon the deal with DS Smith, according to Reuters. Memphis-based International Paper is likely to reject Suzano's offer as inadequate, the report said. Suzano declined to comment. International Paper didn't reply to a request for comment. The paper and packaging sector is in the midst of consolidati
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News
- Form 8.3 - International Paper Company [Yahoo! Finance]Yahoo! Finance
- Form 8.3 - Smith (DS) plc [Yahoo! Finance]Yahoo! Finance
- New mixed-use development proposal for Joplin [Yahoo! Finance]Yahoo! Finance
- International Paper Publishes 2023 Sustainability Report [Yahoo! Finance]Yahoo! Finance
- International Paper Publishes 2023 Sustainability ReportPR Newswire
IP
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- 4/25/24 - Miss
IP
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- 5/16/24 - Form 8-K
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- IP's page on the SEC website