Mergers and Acquisitions - NuStar Energy has agreed to be acquired by Sunoco LP at a ratio of 0.400 common units for each NuStar common unit [1] - International Paper Company will combine with DS Smith Plc, issuing 0.1285 shares for each DS Smith share, resulting in International Paper shareholders owning approximately 66.3% of the combined entity [2] - Progressive Care Inc. will merge with NextPlat Corp, with Progressive shareholders receiving newly issued shares of NextPlat's common stock, valued at $2.20 per share based on a 20-day volume-weighted average price [2] Legal Investigation - Kuehn Law is investigating whether the boards of the involved companies acted to maximize shareholder value, failed to disclose material information, and conducted a fair process [1] - Shareholders are encouraged to participate in the investigation to ensure the integrity and fairness of the financial markets [3]

Creates Significant Shareholder Value and a Global Leader in Sustainable Packaging Solutions with a Focus on Attractive and Growing North American and European Regions Strengthens Customer Value Proposition Through Enhanced Offerings, Innovation and Geographic Reach Expected to Achieve Significant Synergies of At Least $514 Million EPS Accretive in Year One with a Strong Investment-Grade Balance Sheet Shared Commitment to Sustainability and Responsible Growth MEMPHIS, Tenn., April 16, 2024 /PRNewswire/ -- ...

Yuji SakaiInternational Paper Company (NYSE:IP) shows a 4.7% dividend yield and recent recommendations from investment banks. IP appears to be making significant transformations that include sale of assets and restructuring, which could accelerate with the recently elected CEO. In addition, I think that further repurchases of its own shares and reduction in the share count could bring significant demand for the stock. I did see some risks from failed reduction in the debt/EBITDA level, supply chain issu ...

International Paper (IP) shares soared 11% in the last trading session to close at $38.77. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.4% loss over the past four weeks.International Paper witnessed a significant increase in its share value following the announcement of Andrew Silvernail being appointed as the next Chief Executive Officer. Silvernail, who boasts two decades of leadership experience in both manufacturing and ...

Core Insights - International Paper appointed Andrew Silvernail as the new CEO, replacing Mark Sutton, who has been in the role since 2014 and will remain as chairman of the board [1][2] - The announcement led to a significant increase in International Paper's stock, reaching its highest level in over a year [1] - Silvernail has a background as an executive advisor at KKR and has previously served as CEO of Madison Industries and IDEX Corporation [1] Company Transition - The succession process was described as "comprehensive" by Sutton, indicating a well-planned transition [2] - Silvernail expressed confidence in the company's positioning for growth moving forward [2] Stock Performance - Following the announcement, shares of International Paper rose by 10.9%, reaching $38.73 [2]

International Paper (IP 10.33%) has a new CEO, and investors appear pleased with the choice. Shares of IP are up about 10% as of 12:45 Eastern, an unusually large move for the typically mundane forestry and paper products company.Changes at the topInternational Paper investors have faced a good deal of uncertainty in recent years. The company has historically been a good choice for income-focused investors, with slow but steady growth and a predictable dividend. But that cash payout has been the subject of ...

Leadership Transition - International Paper has elected Andrew Silvernail as the new Chief Executive Officer (CEO), effective May 1, 2024, succeeding Mark Sutton, who will remain as Chairman of the Board [1][2] - Silvernail brings two decades of experience in leading global companies, having previously served as Chairman and CEO of Madison Industries and IDEX Corporation, where he achieved over 500% total shareholder return [1][2] Company Performance and Legacy - Under Mark Sutton's leadership, International Paper navigated the pandemic and economic challenges, achieving record-level market capitalization [2] - Sutton's tenure is noted for creating a safer, more focused, and financially strong company with a strong culture [2] Future Outlook - Silvernail expressed confidence in the company's positioning for growth and emphasized the importance of its core values and sustainability efforts [3][4] - The company aims to be among the most successful, sustainable, and responsible companies globally, with a workforce of over 39,000 employees [4][5] Financial Overview - International Paper reported net sales of $18.9 billion for the year 2023 [5]

Annual recognition highlights organizations that have demonstrated a commitment to business integrity through robust ethics, compliance, and governance programs MEMPHIS, Tenn., March 7, 2024 /PRNewswire/ -- International Paper (NYSE: IP), a global producer of sustainable packaging, pulp and other fiber-based products, received the 2024 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. IP has been recognized for ...

Loading...Loading...During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy .Below are the ratings of the most accurate ana ...

Industry Overview - The Zacks Paper and Related Products industry is poised for growth due to increased packaging needs driven by rising e-commerce activities and sustained demand from consumer-oriented sectors like food, beverages, and healthcare [1][3] - The industry's growth is supported by a consumer shift towards paper as an environmentally friendly packaging option amid growing environmental awareness [1] Major Trends - E-commerce is significantly boosting packaging demand, with global e-commerce sales projected to grow from $5.8 trillion in 2023 to $8 trillion by 2027, representing a CAGR of 8.4% [3] - E-commerce accounted for nearly 19% of retail sales worldwide in 2022, expected to rise to 25% by 2027, with the U.S. leading this growth [3] - The demand for sustainable and eco-friendly packaging solutions is increasing, prompting the paper industry to incorporate recycled content and invest in breakthrough technologies [4] Challenges - The transition to digital media is negatively impacting the graphic paper market, leading companies to convert production lines to focus on packaging and specialty papers [5] Industry Performance - The Zacks Paper and Related Products industry ranks 30, placing it in the top 12% of the 252 Zacks industries, indicating bullish prospects [6][7] - Over the past year, the industry has gained 14.9%, outperforming the Basic Materials sector, which lost 1.4%, but lagging behind the S&P 500's growth of 25.4% [8] Valuation Metrics - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 7.11X, compared to the S&P 500's 13.80X and the Basic Materials sector's 11.01X [9] Key Players - **Suzano**: Recently acquired Kimberly-Clark's tissue assets, enhancing its position in the domestic market. The company is investing in projects to boost production capacity, including a $2.8 billion Cerrado Project expected to increase pulp production by 20% [11][12] - **Klabin**: Achieved a total sales volume of 961,000 tons in Q4 2023, with significant investments in new paper machines and forest operations to enhance self-sufficiency [14][15] - **Sappi**: Focused on expanding dissolving pulp capacity and reducing exposure to graphic paper markets, with a long-term earnings growth estimate of 13.6% [17] - **International Paper**: Investing in capacity expansion for corrugated and containerboard packaging, achieving $260 million in year-over-year earnings improvement in 2023 [19][20]