CORRECTION: 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
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NEGATIVE IMPACT
International Paper shares are trading lower following Suzano's decision not to pursue a transaction involving the company.
The decline in International Paper's share price is directly linked to Suzano's announcement, which likely disappointed investors who were expecting a potential deal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100