Why International Paper Stock Is Falling Today
International Paper(IP) The Motley Fool·2024-06-27 17:17The company's Brazilian suitor is walking away.A potential Brazilian acquirer is walking away from its bid for International Paper (IP -8.48%) after the target rebuffed its overtures.Investors hoping for a big premium are disappointed, sending IP shares down 8% as of 1 p.m. ET.IP chooses independenceInternational Paper is already part of a wave of consolidation sweeping the paper and packaging industry, with a deal in place to buy British rival DS Smith. But in early May, IP switched from hunter to hunted w ...