International Paper shares are trading lower after DS Smith confirmed that it is discussing a proposal to be acquired by the company through a possible all share offer.
Portfolio Pulse from Benzinga Newsdesk
International Paper (IP) shares are trading lower following the confirmation from DS Smith that they are in discussions regarding a potential acquisition by IP through an all-share offer.
March 26, 2024 | 5:59 pm
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International Paper's stock is trading lower after DS Smith confirmed discussions about a potential acquisition by IP through an all-share offer.
The news of the potential acquisition by International Paper (IP) has led to a decrease in its stock price. This is likely due to the market's initial reaction to the uncertainties and costs associated with acquisitions. The impact is considered significant due to the direct involvement of IP in the acquisition talks.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100