Suzano Says After Negotiations With International Paper, It Has Reached What It Believes To Be The Maximum Price For The Transaction; Formalizes That It Will Not Pursue A Transaction Involving the Acquisition Of International Paper
Portfolio Pulse from Benzinga Newsdesk
Suzano has announced that after negotiations with International Paper, it has reached what it believes to be the maximum price for the transaction and will not pursue the acquisition of International Paper.
June 27, 2024 | 11:54 am
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International Paper will not be acquired by Suzano as the latter has decided it has reached the maximum price for the transaction.
The termination of acquisition talks with Suzano may negatively impact International Paper's stock price in the short term as investors might have anticipated a premium from the acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Suzano has decided not to pursue the acquisition of International Paper after reaching what it believes to be the maximum price for the transaction.
Suzano's decision to not pursue the acquisition may be seen as a prudent financial move, potentially maintaining its current stock price. However, the market reaction could be neutral as the acquisition was not finalized.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100