Suzano (SUZ) Drops Acquisition Plans for International Paper

In a filing dated May 22, Suzano confirmed its interest in International Paper's assets but stated that no final decision had been made at that time regarding the deal. In its recent filing, Suzano confirmed that it has reached what it considers to be the maximum offer price for the transaction to generate value. In the absence of any interest from International Paper and alignment with its commitment to maintaining capital discipline, Suzano stated that it will no longer engage in any takeover talks with I ...