Suzano terminates negotiations on potential IP takeover

Suzano says to have reached a maximum price for International Paper and will not pursue with the proposed acquisition of the US paper and packaging group.

Brazil’s pulp giant Suzano has backed away from a possible takeover of International Paper (IP). According to Suzano, after some negotiations with International Paper regarding a possible transaction between the two companies, the company belives to have already reached a maximum price for the transaction that would generate value for Suzano. “Therefore, in observance of its commitment to capital discipline, Suzano formalizes that it will not pursue a transaction involving the acquisition of International Paper,” the company announced.
https://www.euwid-paper.com/news/companies/suzano-terminates-negotiations-on-potential-ip-takeover-270624/

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