Brazilian pulp and paper company Suzano, opens new tab has approached U.S.-based International Paper, opens new tab to express interest in an all-cash acquisition that would be worth almost $15 billion.
The approach comes less than a month after International Paper agreed to buy British packaging firm DS Smith, opens new tab for $7.2 billion, beating out a rival bid from London-listed Mondi (MNDI.L), opens new tab.
This deal, which is scheduled to close by the fourth quarter of 2024, could be disrupted were Suzano to press ahead with its bid for Memphis-based International Paper.
