Suzano SANYSE: SUZ

Suzano (SUZ) announces that it will not engage in any acquisition talks with International Paper due to the latter???s lack of interest.

International Paper (IP) shares sank in intraday trading Thursday after Brazilian pulp and paper provider Suzano announced that it was no longer pursuing a purchase of its American rival.

Suzano (SUZ) acquires a 15% stake in Lenzing for $249 million to boost its global presence.

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In a spot of corporate intrigue in the world of Big Paper, The acquirer has become a potential acquiree. Back in April, London-listed paper and plastic big cap DS Smith PLC (LSE:SMDS) agreed to be bought out by US rival International Paper in a £5.8 billion deal.

In a spot of corporate intrigue in the world of Big Paper, The acquirer has become a potential acquiree. Back in April, London-listed paper and plastic big cap DS Smith agreed to be bought out by US rival International Paper in a £5.8 billion deal.

Suzano (SUZ) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating increased confidence in the company's potential for earnings growth. This could lead to a potential rise in the stock in the short run.

At Zacks, we prioritize the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also keep an eye on current value, growth, and momentum trends to highlight strong choices.