Suzano Approaches International Paper on Bid, Reuters Says [Yahoo! Finance]
International Paper Company (IP)
Last international paper company earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Most Read from Bloomberg Israel Says a Cease-Fire Plan Backed by Hamas Falls Short High-Tech Trading Firms Race to Grab Bond Market Turf Russians Are Coming to Terms With Putin's War in Ukraine Apple Revamps iPads With AI-Focused Pro Model, Bigger Air 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. 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. Inter
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IP
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
Earnings
- 4/25/24 - Miss
IP
Sec Filings
- 5/16/24 - Form 8-K
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- IP's page on the SEC website