Brazilian pulp and paper company Suzano (SUZ) has approached U.S.-based International Paper (IP) to express interest in an all-cash acquisition that would be worth almost $15B, people familiar with the matter told Reuters’ Anirban Sen. The approach comes less than a month after International Paper agreed to buy British packaging firm DS Smith (DITHF) and that deal, which is scheduled to close by the fourth quarter of 2024, could be disrupted were Suzano to press ahead with its bid for International Paper, the report says.
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