Suzano SA (SUZ.US) confirmed its interest in international paper (IP.US) assets in a regulatory document. The company reiterated that no binding or other agreement has been reached at this time.
The Zhitong Finance App learned that Suzano SA (SUZ.US) confirmed its interest in international paper (IP.US) assets in a regulatory document. The company reiterated that no binding or other agreement has been reached at this time.
Allegedly, the company's management did not make any decisions or reviews about a potential business to meet the minimum importance required for important facts. Suzano said that prior to making the clarification, the company had conducted relevant internal investigations and questions with its management regarding media reports released earlier this week.
Earlier, market sources said Suzano would buy the international paper industry at a price of $42 per share. Suzano's potential acquisition is that International Paper abandons the deal to acquire British packaging company DS Smith.
International Paper said on April 16 that it had agreed to acquire all shares of the British paper and packaging company DS Smith, valuing it at 5.8 billion pounds (7.20 billion US dollars).