Suzano S.A. (SUZB3.SA)
- Bloomberg
Suzano Is in Talks With Asian Banks to Fund International Paper Bid
(Bloomberg) -- Suzano SA, the world’s largest producer of pulp, is in talks with banks including Mizuho Financial Group, Nomura Holdings Inc. and Mitsubishi UFJ Financial Group on the financing of a potential bid for US packaging giant International Paper Co., according to people familiar with the matter.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationSingapore Air Changes Seatbelt Rules After Fatal Turb
- Reuters
Brazil's Suzano confirms interest in International Paper assets
Brazilian pulpmaker Suzano confirmed on Wednesday it is interested in assets owned by International Paper, but said that it has not reached any final decision about a deal. Reuters reported this week that Suzano was in talks with advisers about sweetening an offer for International Paper, after approaching the U.S.-based firm to express interest verbally in an all-cash acquisition worth $15 billion. In a securities filing answering regulatory questions about recent volatility of its shares, Suzano confirmed its interest in the assets but said that "up to the moment, there is no agreement, binding or otherwise, nor any decision or deliberation" by its management regarding a deal.
- Zacks
Are Investors Undervaluing Suzano (SUZ) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
