Brazilian pulp producer Suzano has terminated its discussions to acquire International Paper. The decision comes after International Paper rejected Suzano's acquisition proposal, opting instead to pursue its own merger plans with another rival. Following the announcement, International Paper's stock fell by 11.6% in pre-market trading.
International Paper stock fell after Brazilian pulp producer Suzano walked away from takeover talks https://t.co/QYA0TouDEU
International Paper $IP tumbles as Suzano ends acquisition talks https://t.co/6rF6kA2VSa https://t.co/pC23Onu40V
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