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.
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(Reuters) -Brazilian pulp and paper company Suzano has been in talks with its advisers about sweetening its $15 billion acquisition offer for International Paper, people familiar with the matter said on Monday. Reuters reported earlier this month that Suzano had approached International Paper to verbally express interest in an all-cash acquisition that was worth roughly $42 per share. Such a deal is conditional on International Paper abandoning its agreement to acquire British packaging firm DS Smith for $7.2 billion.