Reported 11 months ago
International Paper (NYSE: IP) is experiencing an 8% decline in its stock as a potential Brazilian acquirer, Suzano, walks away from its bid after IP rejected the offer. Suzano was willing to pay up to $15 billion in cash, but IP chose to remain independent. Despite the setback, there are prospects for IP to enhance efficiency, divest lower-margin divisions like its cellulose operation, and benefit from the ongoing acquisition of British rival DS Smith. Patient investors may still find opportunities in buying IP stock, although it may not provide an instant boost like a takeover would. The article advises caution against buying solely based on deal rumors and highlights the previous success of Stock Advisor's stock picks. Lou Whiteman has no position in the mentioned stocks, and The Motley Fool recommends DS Smith.
Source: YAHOO