International Paper shares are trading higher following a report suggesting that Suzano made an offer to acquire the company.
Portfolio Pulse from Benzinga Newsdesk
International Paper's stock price increased after reports emerged of Suzano making an acquisition offer for the company.
May 07, 2024 | 2:39 pm
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International Paper's shares are trading higher due to reports of an acquisition offer from Suzano.
The news of Suzano making an offer to acquire International Paper has likely led to positive investor sentiment, driving up the stock price. Such acquisition news typically results in a short-term price increase for the target company due to anticipated premium on the offer price.
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