Could IP go from buyer to target? Brazilian paper giant Suzano (SUZ -11.45%) has reportedly approached U.S. rival International Paper (IP 5.62%) about an all-cash 15billiontakeover.SharesofIPjumped11.915 billion takeover. Shares of IP jumped 11.9% higher when the report surfaced, only to fall back to up 5% in the final hour of trading on Tuesday. Could International Paper go from buyer to seller? There's been a wave of consolidation in the paper and packaging industry. Last year, Smurfit Kappa Group agreed to acquire WestRock for 15billiontakeover.SharesofIPjumped11.911.2 billion ...
International Paper(IP) The Motley Fool·2024-05-08 03:48