Previous close | 44.42 |
Open | 44.68 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 44.14 - 44.73 |
52-week range | 29.01 - 44.73 |
Volume | |
Avg. volume | 1,593 |
Market cap | 18.287B |
Beta (5Y monthly) | 0.99 |
PE ratio (TTM) | 0.10 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Investing.com — Suzano Papel e Celulose's (NYSE:SUZ) bid for International Paper (NYSE:IP) is looking increasingly likely to succeed as a combination of better financing options with the possibility of the Brazilian pulp giant offering shares in the newly formed company as part of the premium could bridge the gap between the two giants.
International Paper's (IP) shares gain on the announcement of its acquisition of DS Smith, an improved outlook for Q2 and Suzano's confirmation of its interest in acquiring IP.
Brazilian pulpmaker Suzano confirmed on Wednesday it is interested in assets owned by International Paper, but said that it has not reached any final decision about a deal. Reuters reported this week that Suzano was in talks with advisers about sweetening an offer for International Paper, after approaching the U.S.-based firm to express interest verbally in an all-cash acquisition worth $15 billion. In a securities filing answering regulatory questions about recent volatility of its shares, Suzano confirmed its interest in the assets but said that "up to the moment, there is no agreement, binding or otherwise, nor any decision or deliberation" by its management regarding a deal.