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International Paper Company(IP-N)

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International Paper recommends shareholders reject mini-tender offer by TRC Capital Investment Corporation

PR Newswire - Fri May 12, 4:00PM CDT

MEMPHIS, Tenn., May 12, 2023 /PRNewswire/ -- International Paper (NYSE: IP) announced today that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 3,000,000 shares of International Paper Company ("International Paper") common stock from International Paper shareholders. The offer represents approximately 0.86 % of International Paper's shares of common stock outstanding as of the May 9, 2023 offer date. TRC Capital's offer price of $30.67 per share is approximately 4.51% lower than the $32.12 closing price of International Paper common stock on the NYSE on May 9, 2023.


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