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Truist analyst Michael Roxland lowered the firm's price target on International Paper to $40 from $51 and keeps a Hold rating on the shares as part of a broader research [...]

Virtual Meeting to be held on September 19 hosted by Seaport [...]

Jefferies analyst Philip Ng downgraded International Paper to Underperform from Hold with a price target of $31, down from $40. The analyst cut estimates to reflect the 'massive inventory glut' [...]

Notable companies reporting before tomorrow's open, with earnings consensus, include Mastercard (MA), consensus $2.35... Pfizer (PFE), consensus $1.80... Merk (MRK), consensus $1.69... Thermo Fisher (TMO), consensus $4.99... Comcast (CMCSA), consensus [...]

Deutsche Bank analyst Kyle White lowered the firm's price target on International Paper to $44 from $48 and keeps a Hold rating on the [...]

As previously reported, Wells Fargo analyst Gabe Hajde downgraded International Paper to Equal Weight from Overweight with a price target of $47, down from $58, given slowing demand and incremental [...]

Wells Fargo analyst Gabe Hajde downgraded International Paper to Equal Weight from Overweight with a $47 price [...]

BY RICHARD FIGIEL A couple makes their way along the LaChute River Trail in Bicentennial Park in Ticonderoga. (PHOTO BY MIKE LYNCH) Two centuries ago the pristine water of Lake [...]

KeyBanc analyst Adam Josephson lowered the firm's price target on International Paper to $37 from $41 and keeps an Underweight rating on the shares. The analyst expects the containerboard producers [...]

Suzano SA, a Brazilian company, has announced that it will no longer pursue the acquisition of International Paper Co., a US paper giant. This decision caused Suzano's shares to surge while International Paper's shares plunged. Suzano stated that it was unable to engage International Paper in serious negotiations and was not willing to increase its offer further. The termination of this pursuit removes a complication to International Paper's plan to acquire DS Smith Plc. [Extracted from the article]

Brazilian pulp company Suzano SA is considering taking on significant debt as it contemplates making a new bid for International Paper Co. Suzano could borrow up to $19 billion while maintaining a net debt for the combined company close to five times earnings before interest, taxes, depreciation, and amortization. This leverage level is within Suzano's previous reach since obtaining its investment grade rating in 2018. Suzano believes that a merger with International Paper would create a global powerhouse capable of generating enough cash to quickly reduce its debt-heavy balance sheet. However, the company has reassured investors that it will not make an offer that would jeopardize its investment grade rating. [Extracted from the article]

International Paper Co.'s CEO, Andrew Silvernail, traveled to London to reassure DS Smith Plc about their pending £5.8 billion merger deal, amid a takeover offer from Suzano SA. Silvernail met with Miles Roberts, the CEO of DS Smith, as well as key shareholders. Suzano, the world's largest pulp producer, is working on a revised offer for International Paper after their initial proposal was rejected. A takeover by Suzano would create a major player in the pulp and paper industry. [Extracted from the article]

Suzano SA, the world's largest producer of pulp, is in talks with Asian banks, including Mizuho Financial Group, Nomura Holdings Inc., and Mitsubishi UFJ Financial Group, to secure financing for a potential bid to acquire US packaging giant International Paper Co. Suzano is considering a cash-and-stock offer for all of International Paper's assets. The funding arrangement would be similar to the one used for Suzano's acquisition of pulp rival Fibria SA in 2018. Suzano's interest in International Paper assets would allow the company to expand internationally and diversify its operations into the packaging sector. However, there are significant hurdles to overcome, including International Paper's pending agreement to acquire UK packaging rival DS Smith Plc and Suzano's existing debt burden. [Extracted from the article]

Suzano SA, the world's largest pulp producer, has confirmed its interest in acquiring the assets of US packaging giant International Paper Co. However, no agreement has been made yet. Suzano's stock has dropped since news of the potential deal, and the company's investors have expressed concern. A deal with International Paper would allow Suzano to expand internationally and diversify its operations into the packaging sector. [Extracted from the article]

Suzano SA, the world's largest pulp producer, has approached International Paper Co. about a potential all-cash offer to acquire the US company for nearly $15 billion. The bid of $42 per share would represent a 14% premium to International Paper's closing price on Monday. Suzano is in talks with potential lenders to finance the transaction, which would require International Paper to abandon its deal with DS Smith. The paper and packaging sector has been experiencing consolidation, and a bid for International Paper would be the latest attempt by a foreign company to acquire a US giant. [Extracted from the article]

(Bloomberg) -- Brazilian pulp producer Suzano SA approached International Paper Co. about a potential all-cash offer valuing the US company at almost $15 billion, Reuters reported.The potential bid was communicated verbally and a formal proposal may be submitted in coming days, Reuters said, citing people familiar with the matter.Shares of International Paper rose as much as 12% in New York trading.©2024 Bloomberg L.P.By Simon CaseyReported by Author [Extracted from the article]

The "North America Packaging Market with Focus on the US: Insights & Forecast with Potential Impact of COVID-19 (2024-2028)" report predicts that the North America packaging market will reach US$243.68 billion by 2028, with a growth rate of 2.50% from 2024 to 2028. Factors driving this growth include increasing demand for cosmetics, sales of entertainment equipment, single-use packaging, goods exports, and urbanization. However, environmental concerns regarding food packaging and the emergence of Asia Pacific as a dominant region may pose challenges. Paper packaging is dominant due to its recyclability and energy-saving properties. The market is highly competitive, with key players continuously innovating to meet demand. [Extracted from the article]

Mondi Plc has decided not to engage in a bidding war for DS Smith Plc, a UK packaging rival, which paves the way for US bidder International Paper Co. to secure a deal. Mondi conducted a due-diligence review and determined that a transaction would not be in the best interests of its shareholders. Earlier this week, International Paper agreed to acquire DS Smith in a £5.8 billion ($7.2 billion) all-stock deal. Following Mondi's announcement, DS Smith shares fell 10% in London, while Mondi's shares rose 9%. [Extracted from the article]

Mondi Plc has decided not to engage in a bidding war for DS Smith Plc, allowing US bidder International Paper Co. to secure a deal. International Paper had agreed to acquire DS Smith in a £5.8 billion all-stock deal, and investors were waiting to see if Mondi would counter with an offer. Mondi's decision led to a 12% drop in DS Smith shares and a 10% rise in Mondi shares. The paper and packaging sector has seen increased demand during the pandemic, but has since experienced a slowdown as e-commerce returns to normal levels. International Paper plans to make DS Smith's London headquarters its European base and seek a secondary listing in the UK. [Extracted from the article]

International Paper Co.'s all-stock offer to acquire DS Smith Plc has decreased in value due to a recent decline in International Paper's shares. The offer is now worth less than a previous proposal from rival bidder Mondi Plc. International Paper's offer valued DS Smith's shares at about 361 pence, compared to the 415 pence stated in the initial announcement. DS Smith's board has endorsed International Paper's offer, but Mondi may still present a competing bid. [Extracted from the article]

International Paper Co. has agreed to acquire UK rival DS Smith Plc for £5.8 billion ($7.2 billion), beating out competitor Mondi Plc and establishing itself as a global leader in the packaging industry. The deal is an all-stock agreement, with International Paper offering 0.1285 new shares for each DS Smith share. Upon completion, International Paper shareholders will own approximately 66% of the combined company. [Extracted from the article]

International Paper Co. has agreed to acquire DS Smith Plc for £5.8 billion ($7.2 billion), surpassing rival suitor Mondi Plc in the battle for the UK packaging company. The all-stock transaction will create a global leader in packaging, according to International Paper. The deal is expected to strengthen International Paper's position in Europe and the US, and the combined company will seek a secondary listing in London. The paper and packaging sector has seen consolidation trends post-Covid, and the industry experienced a surge in demand during the pandemic due to increased online shopping. [Extracted from the article]

International Paper Co. has agreed to acquire DS Smith Plc for £5.8 billion ($7.2 billion), surpassing rival suitor Mondi Plc in the battle for the UK packaging company. The all-stock deal will create a global leader in packaging, with International Paper paying 0.1285 new shares of its stock for each DS Smith share. Upon completion, International Paper shareholders will own approximately 66% of the combined company, which will seek a secondary listing in London. This acquisition is part of a post-Covid consolidation trend in the paper and packaging sector, which experienced a surge in demand during the pandemic due to increased online shopping. DS Smith is one of the world's largest cardboard box makers and produces packaging for various products. [Extracted from the article]

International Paper Co., a US packaging company, has stated that it will consider a secondary listing in London if it successfully acquires UK rival DS Smith Plc for £5.7 billion ($7.2 billion). This move is seen as an attempt to win over UK-based investors who prefer London-listed shares. The London Stock Exchange is currently facing challenges in retaining companies due to underperformance and a lack of initial public offerings. DS Smith, one of the world's largest cardboard box makers, has seen its shares rise over 30% in the past year, and investors anticipate a bidding war. The paper and packaging sector has been consolidating, with increased demand during the pandemic, but has since seen a decline as shoppers return to stores. International Paper's offer for DS Smith is expected to deliver annual synergies of $514 million, with a cost of $370 million to achieve. Both International Paper and Mondi Plc have until April 23 to submit firm offers or withdraw. [Extracted from the article]

Citi analyst Anthony Pettinari downgraded International Paper to Neutral from Buy with a price target of $46, down from $53. The analyst cut estimates following 'cautious commentary' Friday evening from [...]

Deutsche Bank analyst Kyle White raised the firm's price target on International Paper to $48 from $47 and keeps a Hold rating on the [...]

Citi analyst Anthony Pettinari lowered the firm's price target on International Paper to $53 from $54 and keeps a Buy rating on the shares. The analyst cut Q1 estimates ahead [...]

On February 15, 1988, environmentalists stormed the gate of International Paper in Jay, Maine, as part of a solidarity action with workers on strike, attempting to shut it down. This [...]