While the company has neither confirmed nor denied its intentions, insider sources consulted exclusively by Investing.com say that IP’s Board will not only reject an eventual bid at theunidentified sources, is considered insufficient to sway the Board’s decision, especially considering the stock traded at $41 just two months ago.arrival of CEO Andrew Silvernail boosted sentiment back into the stock, propelling it to a 13% jump month-to-date.
Sources consulted by Investing.com also believe that the IP/DS Smith current merger has a very high potential for both parties involved, which would be another dealbreaker for IP’s Board, which would be more inclined to consider moving on with the current potential.Brazilian-based Itaú BBA sees potential in the deal despite the enormous hurdles standing in its way.
However, as we await further news, such scenarios are still on the speculation real, and the likelihood of the current deal breaking appears slim to none.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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