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Published on 26 Mar 2024 on Motley Fool via Yahoo Finance

Why International Paper Stock Is Folding Today

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What happened

International Paper (NYSE: IP) appears set to spark a bidding war for British rival DS Smith (LSE: SMDS), attempting to disrupt a planned deal between the target and London's Mondi (LSE: MNDI). Investors appear concerned IP might have to pay up, sending shares of the paper and packaging giant down 7% as of 3 p.m. ET.

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