Brazil's Suzano considers $15bn all-cash acquisition of International Paper, amid pending $7.2bn acquisition of UK's DS Smith.
Brazil's Suzano has expressed interest in an all-cash acquisition of US-based International Paper, worth nearly $15bn, according to sources familiar with the matter. The approach comes after International Paper agreed to acquire British packaging firm DS Smith for $7.2bn in a deal scheduled to close by Q4 2024. Suzano's potential bid, offering $42 per share, may disrupt the ongoing deal with DS Smith.
May 07, 2024
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