International Paper Seeks to Reassure DS as Suzano Plots Bid.

International Paper Co.'s CEO, Andrew Silvernail, traveled to London to reassure DS Smith Plc about their pending merger, amid a takeover offer from Suzano SA. Silvernail met with DS Smith's CEO, Miles Roberts, and key shareholders to reaffirm International Paper's commitment to the merger. 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]