International Paper Co (IP) has released an update.
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International Paper Company has announced an all-share merger with DS Smith Plc and provided profit forecasts for fiscal years 2024 through 2026, projecting significant growth in Adjusted EBITDA. The forecasts have been compiled in accordance with U.S. GAAP and are underpinned by assumptions regarding macroeconomic conditions, market demand, and operational strategy remaining stable. The company has filed a preliminary proxy statement with the SEC, outlining the forecast details and the strategic rationale behind the merger.
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