Suzano Confirms It Is Interested In International Paper Assets
Portfolio Pulse from Benzinga Newsdesk
Suzano has confirmed its interest in International Paper's assets but clarified that no formal agreement or decision has been made. The news has impacted Suzano's share price and trading volume.
May 22, 2024 | 12:46 pm
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POSITIVE IMPACT
International Paper is potentially involved in a deal with Suzano, which has confirmed interest in its assets. However, no formal agreement has been made.
Suzano's confirmation of interest in International Paper's assets could lead to a potential acquisition, which is generally positive news for the target company. However, the lack of a formal agreement tempers the immediate impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80