International Paper rises after spinoff announcement
ReutersJan 29, 2026 1:04 PM
Packaging company International Paper's IP.N shares rise nearly 3% to $42.73 premarket
Co announces plan to split into two publicly traded companies by spinning off European packaging business
Separation expected to be completed in 12-15 months
Co's quarterly sales of $6 billion beat estimates - data compiled by LSEG
In 2025, IP was down about 26%
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