International Paper Sells Cellulose Fibers Business for $1.1B
Ticker: INPAP · Form: 8-K · Filed: Nov 4, 2024 · CIK: 51434
| Field | Detail |
|---|---|
| Company | International Paper Co /New/ (INPAP) |
| Form Type | 8-K |
| Filed Date | Nov 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: divestiture, acquisition, strategic-shift
TL;DR
IP selling cellulose fibers biz to Suzano for $1.1B, closing H1 2025.
AI Summary
International Paper Company (IP) announced on November 4, 2024, that it has entered into a definitive agreement to sell its Global Cellulose Fibers business to a subsidiary of Suzano S.A. for approximately $1.1 billion in cash. The transaction is expected to close in the first half of 2025, subject to customary closing conditions and regulatory approvals.
Why It Matters
This divestiture signals a strategic shift for International Paper, allowing it to focus on its core packaging and pulp businesses, while Suzano expands its market presence in cellulose fibers.
Risk Assessment
Risk Level: medium — The sale is subject to closing conditions and regulatory approvals, which could delay or prevent the transaction.
Key Numbers
- $1.1B — Sale Price (Cash consideration for the Global Cellulose Fibers business.)
Key Players & Entities
- International Paper Company (company) — Seller
- Suzano S.A. (company) — Buyer
- $1.1 billion (dollar_amount) — Sale price
- November 4, 2024 (date) — Announcement date
- first half of 2025 (date) — Expected closing period
FAQ
What is the name of the business segment being sold by International Paper?
International Paper is selling its Global Cellulose Fibers business.
Who is the buyer of the Global Cellulose Fibers business?
The buyer is a subsidiary of Suzano S.A.
What is the total cash consideration for the sale?
The total cash consideration is approximately $1.1 billion.
When is the transaction expected to close?
The transaction is expected to close in the first half of 2025.
What are the conditions for the closing of the sale?
The sale is subject to customary closing conditions and regulatory approvals.
Filing Stats: 578 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-11-04 16:16:00
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 per share par value IP New York Sto
- $1.00 — common stock of the Company, par value $1.00 per share (the " Company Common Stock "
Filing Documents
- d840363d8k.htm (8-K) — 23KB
- 0001193125-24-250630.txt ( ) — 138KB
- ip-20241104.xsd (EX-101.SCH) — 3KB
- ip-20241104_lab.xml (EX-101.LAB) — 17KB
- ip-20241104_pre.xml (EX-101.PRE) — 11KB
- d840363d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERNATIONAL PAPER COMPANY Dated: November 4, 2024 By: /s/ Joseph R. Saab Name: Joseph R. Saab Title: Senior Vice President, General Counsel and Corporate Secretary