International Paper said on Thursday it would split into two publicly traded companies by spinning off its European packaging business.
Shares of the paper and packaging producer were up about 5% in premarket trading.
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The company, which makes up for roughly one-third of the North American corrugated packaging market, bought London-based rival DS Smith in a $7.22 bil… [524 chars]
Source: Reuters | Published: 2026-01-29T12:21:49Z
Credit: Reuters
