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Stock impact report

Suzano terminates talks to buy International Paper [Yahoo! Finance Canada]

International Paper Company (IP) 
Last international paper company earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: internationalpaper.com/performance
Suzano, the world's largest pulp manufacturer, said last month it was interested in assets owned by International Paper, after Reuters reported the Brazilian company had approached the U.S. firm to express interest verbally in an all-cash acquisition worth $15 billion. In Wednesday's filing, Suzano said "it has reached what it believes to be the maximum price for the transaction to generate value" for itself, "without engagement from the other party." "Therefore, in observance of its commitment to capital discipline, Suzano formalizes that it will not pursue a transaction involving the acquisition of International Paper," Suzano said. ADVERTISEMENT International Paper did not immediately respond to request for comment outside normal business hours. Reuters reported in May that Suzano had been in talks with advisers about sweetening an offer for International Paper. A deal between the companies would be conditioned on International Paper abandoning its recently announced a Show less Read more
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