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Stock impact report

International Paper Announces Exclusive Negotiations to Divest Five European Corrugated Box Plants to Satisfy Regulatory Commitments from the Acquisition of DS Smith Plc [Yahoo! Finance]

International Paper Company (IP) 
Last international paper company earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: internationalpaper.com/performance
Company Research Source: Yahoo! Finance
exclusive negotiations with PALM Group of Germany after receiving an irrevocable offer for the purchase of five corrugated box plants in Europe : (i) three plants in Normandy France (namely, one box plant in Saint-Amand, one box plant in Mortagne, and one sheet plant in Cabourg); (ii) one box plant in Ovar, Portugal ; and (iii) one box plant in Bilbao, Spain . Upon completion of the required French works council consultation and/or employee information processes, the parties expect to enter into a definitive share purchase agreement. The closing is expected by the end of the second quarter of 2025. "Finding the right buyer for these five facilities has been a top priority for our team since the completion of the acquisition of DS Smith, and I'm pleased that we have found one in PALM," said International Paper Chairman and CEO Andy Silvernail . "We are grateful for the many contributions the team members at these five plants have made to the company and know they will continue to be Show less Read more
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