Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg

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International Paper (IP) tumbles as Suzano ends acquisition talks

June 27, 2024 6:14 AM EDT

Suzano has ended its pursuit of acquiring International Paper (NYSE: IP) which opted to pursue merger plans with another competitor, Bloomberg News reported on Wednesday.

The company announced late Wednesday that it could not engage International Paper in serious discussions and was not willing to further... More