Suzano Mulls Higher Bid for International Paper - Papermart
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Suzano Mulls Higher Bid for International Paper

Suzano had earlier offered an all-acquisition deal worth USD 15 billion to International Paper. It is now considering raising its offer by a few dollars per share. 

May 21, 2024

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Brazilian pulp and paper company Suzano is considering increasing its initial bid of USD 15 billion to acquire its American competitor International Paper.

 A major news agency reported that the Brazilian paper giant had recently reached out to International Paper, based in Memphis, to express interest in an all-cash purchase valued at about USD 42 per share. 

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Suzano is currently in discussions with its advisors to raise the offer by a few dollars per share. However, industry experts are unsure about the potential success of the new proposal. 

This development follows International Paper’s recent agreement to acquire British packaging company DS Smith for USD 7.2 billion, surpassing London-listed Mondi. 


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Suzano, a leading global pulp producer, had initially explored securing debt financing to back its bid. It communicated to International Paper that the offer would be subject to the latter terminating its agreement with DS Smith. International Paper has refrained from commenting on Suzano’s overture, stating that the company remains focused on finalizing its transaction with DS Smith.