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Published on 7 May 2024 on Motley Fool via Yahoo Finance

Why International Paper Stock Spiked Higher Today

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Brazilian paper giant Suzano (NYSE: SUZ) has reportedly approached U.S. rival International Paper (NYSE: IP) about an all-cash $15 billion takeover. Shares of IP jumped 11.9% higher when the report surfaced, only to fall back to up 5% in the final hour of trading on Tuesday.

Could International Paper go from buyer to seller?

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