International Paper Company (IP)
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- Reuters
Suzano to maintain capital discipline, CEO says amid potential IP deal
Brazilian pulpmaker Suzano will maintain its capital discipline and would not make any move solely aimed at growing, as it is focused on adding value for shareholders, Chief Executive Walter Schalka said on Friday. Reuters reported earlier this week, citing sources familiar with the matter, that Suzano had approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth almost $15 billion. In statements, Suzano - the world's largest pulp manufacturer - said no decision about a potential deal had been made by its management.
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