International Paper shares are trading higher following a report suggesting Suzano could borrow up to $19 billion for its bid.
Portfolio Pulse from Benzinga Newsdesk
International Paper shares are trading higher following a report suggesting Suzano could borrow up to $19 billion for its bid.
June 07, 2024 | 6:32 pm
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International Paper shares are trading higher due to a report that Suzano might borrow up to $19 billion for a bid, indicating potential acquisition interest.
The news suggests a significant financial move by Suzano, indicating strong acquisition interest in International Paper. This has positively impacted IP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100