Suzano announced on June 26th, 2024, that it will not pursue the acquisition of International Paper Company following unsuccessful negotiations.
This decision aligns with corporate governance standards and the company's commitment to capital discipline. Suzano stated that despite efforts to reach an agreement at what it deemed a favorable price, there was no reciprocal engagement from International Paper.
The company emphasized its preference for private, confidential, and amicable negotiations, which were not realized in this instance. As a result, Suzano has formally terminated the negotiations, prioritizing value creation for its shareholders under optimal conditions.
