Suzano Halts Acquisition Bid for International Paper

Brazilian pulp giant cites lack of engagement from U.S. firm as shares drop 8%

Suzano ends acquisition talks after International Paper declines to engage with $15 billion offer.
International Paper shares fall 8% following news of the terminated bid.
Suzano emphasized its commitment to capital discipline in deciding to walk away.
International Paper is focused on its ongoing acquisition of British packaging firm DS Smith.
Investors had hoped for a premium from the deal, but International Paper aims to enhance efficiency independently.