International Paper Closes 6.9% Higher as It Confirms Talks With Potential Buyers

International Paper shares ended 6.90% higher Thursday, Oct. 15, as the company confirmed it was reviewing unsolicited approaches for its EMEA packaging business and speaking with potential buyers. The stock closed at $34.10, up $2.20, at 4 p.m. ET (20:00 UTC). The closing gain was below the 7.4% increase at 1:30 p.m. ET (17:30 UTC) covered in an earlier intraday update on the shares . International Paper has not named potential buyers or disclosed a price. The review remains at an early stage, and a sale may not be agreed or completed. The company is continuing preparations to separate its EMEA business as DS Smith plc while considering a potential sale.

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