Could IP go from buyer to target?Brazilian paper giant Suzano (SUZ -11.45%) has reportedly approached U.S. rival International Paper (IP 5.62%) about an all-cash 15billiontakeover.SharesofIPjumped11.915 billion takeover. Shares of IP jumped 11.9% higher when the report surfaced, only to fall back to up 5% in the final hour of trading on Tuesday.Could International Paper go from buyer to seller?There's been a wave of consolidation in the paper and packaging industry. Last year, Smurfit Kappa Group agreed to acquire WestRock for 15billiontakeover.SharesofIPjumped11.911.2 billion, a ...
International Paper(IP) The Motley Fool·2024-05-07 19:48