International Paper shares are trading lower after Suzano said it will not pursue a transaction involving the company.
Portfolio Pulse from Benzinga Newsdesk
International Paper shares are trading lower after Suzano announced it will not pursue a transaction involving the company.
June 27, 2024 | 2:45 pm
News sentiment analysis
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NEGATIVE IMPACT
International Paper shares are experiencing a decline following Suzano's decision not to pursue a transaction with the company. This news likely impacts investor sentiment negatively in the short term.
The decline in International Paper's share price is directly linked to Suzano's announcement. Investors may have anticipated a potential deal, and the news of it not materializing has led to a negative reaction in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100