International Paper up on plans to sell unit for $1.5 billion
ReutersAug 21, 2025 1:42 PM
** International Paper's IP.N shares up 2% at $48.06
** Co to sell its global cellulose fibers unit to American Industrial Partners for $1.5 billion
** IP says it will invest $250 million to upgrade its Riverdale mill in Alabama
** Up to last close, stock was down about 13% YTD
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