IP Stock Recent News

International Paper (IP) shares sank in intraday trading Thursday after Brazilian pulp and paper provider Suzano announced that it was no longer pursuing a purchase of its American rival.

DS Smith PLC (LSE:SMDS) shares jumped almost 10% and those in International Paper Co (NYSE:IP, ETR:INP) fell 11% after news filtered through that suggests the takeover of the UK box-maker will go ahead. Brazilian pulp maker Suzano said it had ended talks to buy IP as the US paper and packaging group had not been interested in the highest price it was willing to pay.

International Paper (IP) confirms that it cleared another hurdle for the acquisition of DS Smith, with the expiration of the waiting period under the Hart-Scott-Rodino Act.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION MEMPHIS, Tenn. , June 25, 2024 /PRNewswire/ -- The boards of International Paper Company ("International Paper") and DS Smith Plc ("DS Smith") are pleased to announce the expiration of the waiting period under the Hart-Scott-Rodino Act (the "HSR Act") for the proposed combination of DS Smith with International Paper.

Alongside reporting a fall in annual revenue and profits, DS Smith PLC boss Miles Roberts told reporters today that the £5.8 billion takeover of the cardboard box-maker by US rival International Paper is still going ahead, following speculation that the deal may be called off. Worries that the deal could be derailed have grown on reports that International Paper is fighting to block a potential $15 billion acquisition attempt by Brazilian giant Suzano.

Supporting rural communities, this largest grant slate in program history will impact more than 500,000 acres of longleaf pine habitat, increase longleaf seedling capacity, and improve wildlife populations across eight southern states Supporting rural communities, this largest grant slate in program history will impact more than 500,000 acres of longleaf pine habitat, increase longleaf seedling capacity, and improve wildlife populations across eight southern states

VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) -- Golden Sky Minerals Corp. (AUEN.V) (“Golden Sky” or “The Company”) is pleased to announce the results and preliminary interpretations from a ~15-line kilometre induced-polarization (IP) geophysical survey completed this spring at the Rayfield Zone on its 100%-owned Rayfield Copper-Gold Property in south-central British Columbia, Canada. The 35,000-hectare Rayfield property is located in the Quesnel terrane, British Columbia's primary copper-producing belt, which hosts Teck Resources' Highland Valley Mine, Imperial Metals' Mount Polley Mine, Centerra Gold's Mount Milligan Mine, and Kodiak Copper's MPD Project (Figures 1 & 2). The road-accessible Rayfield copper-gold property is located approximately 20 kilometers east of the town of 70 Mile House, British Columbia, and is accessible year-round by well-maintained service and logging roads extending from BC Highway 97.

International Paper has been active in consolidating its industry as a buyer, but the company is now also reportedly a target as well. Even if IP doesn't sell, there are multiple ways for investors to win from here.

International Paper's (IP) shares gain on the announcement of its acquisition of DS Smith, an improved outlook for Q2 and Suzano's confirmation of its interest in acquiring IP.

International Paper was upgraded to a buy from a hold on the potential upside from restructuring and new management. The company is also rumored to be a takeover target.