International Paper up on report of PE firms exploring bids for Europe business

International Paper

15/10/2026 14:42

** Shares of International Paper IP.N up about 5% at $33.33
** Private equity firms Lone Star and Atlas Holdings are exploring multibillion-dollar bids for International Paper's European packaging business, according to the Financial Times
** Co in January had announced it would split into two publicly traded companies by spinning off its European packaging business, aiming to streamline its operations and boost productivity across North America
** IP in 2024 completed a $7.2 billion buyout of London-based rival DS Smith
** In June, co reported second-quarter sales below Wall Street estimates and trimmed the top end of its annual profit forecast range
** As of last close, stock down 19% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))