Suzano Terminates Talks to Buy International Paper

Yahoo! Finance (06/26/24)

Brazilian pulp maker Suzano has terminated talks to purchase International Paper. The world's largest pulp manufacturer had approached the U.S. firm with a verbal all-cash offer worth $15 billion. In a recent filing, though, Suzano said "it has reached what it believes to be the maximum price for the transaction to generate value . . . 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."

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