BUZZ - International Paper shares rise amid reports that private equity firms are considering takeover bids for its European operations

October 15 - ** International Paper (IP.N) shares rose about 5%, closing at $33.33

** According to the Financial Times, private equity firms Lone Star and Atlas Holdings are considering making a multi-billion dollar acquisition offer (link) for International Paper's European packaging business

** In January this year, the company announced plans to spin off its European packaging operations (link) to create two publicly listed companies, aiming to streamline operations and improve production efficiency across North America

** International Paper (IP) completed its $7.2 billion acquisition of London-based rival DS Smith in 2024

** In June, the company reported second-quarter sales below Wall Street expectations and lowered the upper end of its full-year profit forecast range

** As of the previous trading day's close, the stock was down 19% year-to-date

(To assist non-English speakers, Reuters provides automated translations of its reports in several other languages. Because automated translation may contain errors or fail to capture the intended context, Reuters does not guarantee the accuracy of the translated text. It is provided solely for the convenience of readers. Reuters accepts no liability for any damage or loss arising from use of the automated translation function.)