International Paper Shares Dip 15% In Pre-Market After Suzano Drops Acquisition Pursuit
International Paper Shares Dip 15% In Pre-Market After Suzano Drops Acquisition Pursuit
Suzano SA (NYSE:SUZ) has decided to abandon its pursuit to acquire International Paper Co. (NYSE:IP), one of North America's largest recyclers and a global producer of packaging, pulp and other fiber-based products. This news triggered a nearly 15% drop in International Paper's shares during pre-market trading on Thursday.
Suzano SA (紐交所: SUZ)已決定放棄收購全美最大的回收者之一，以及全球包裝、紙漿和其他纖維產品生產商之一的International Paper Co. (紐交所: IP)。這一消息促使International Paper公司的股票在週四的美股盤前交易中暴跌近15%。
Suzano's decision was prompted by International Paper's rejection of its advances, Bloomberg reported on Thursday. Instead, International Paper has chosen to focus on its own merger plans with a different competitor.
據彭博社週四報道，Suzano的決定是由於International Paper拒絕了它的進展。相反，International Paper選擇專注於與另一家競爭對手的合併計劃。
At the time of writing, International Paper's shares were trading at $39.67, a significant drop from Wednesday's close of $46.61, according to Benzinga Pro.
根據Benzinga Pro的數據，截至撰寫本文時，國際紙業的股票交易價格爲39.67美元，較週三收盤價46.61美元大幅下跌。
Suzano, a Brazil-based company, had initially proposed a $15 billion acquisition offer to International Paper. However, the deal was based on the condition that International Paper abandon its plans to acquire British packaging firm DS Smith.
Suzano是一家總部位於巴西的公司，最初提出了150億美元對International Paper的收購要約，但交易的條件是International Paper放棄收購英國包裝公司DS Smith的計劃。
Suzano stated that it was unable to engage International Paper in serious discussions and was not willing to increase its offer. This announcement led Suzano's U.S.-listed shares to see an 11.94% jump in the pre-market on Thursday.
Suzano表示，無法與International Paper進行深入的討論，並且不願意增加其收購報價。這一公告導致Suzano在週四的美股盤前交易中增長了11.94%的股票。
Suzano had hoped to negotiate on "private, confidential and amicable terms," as per its statement. However, as this was not feasible, the company decided to terminate the talks.
根據Suzano發表的聲明，Suzano希望在“私人、機密和友好的條件”下進行談判。然而，由於這不可行，公司決定終止談判。
This development simplifies International Paper's plan to acquire DS Smith Plc, a deal that is expected to close in the fourth quarter. If Suzano's acquisition had been successful, the world's largest pulp producer would have had the chance to expand internationally and diversify into the more stable packaging sector. However, there were investor concerns about Suzano's ability to maintain its investment grade if it took on additional debt for the deal.
此舉簡化了International Paper公司收購DS Smith Plc的計劃，該交易預計將在第四季度完成。如果Suzano的收購成功，這家世界上最大的紙漿生產商將有機會擴張到國際市場，並進入更穩定的包裝行業。然而，投資者對Suzano在承擔更多債務的情況下能否保持投資等級存在擔憂。
Image via Shutterstock
圖片來自shutterstock。
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成，並由Pooja Rajkumari編輯
譯文內容由第三人軟體翻譯。