Suzano: no agreement has been reached to buy Clearwater Paper

Suzano has firmly rejected rumors about its potential acquisition of Clearwater Paper. The Brazilian company addressed these speculations head-on after media reports sparked interest in the alleged deal.

The company’s response came swiftly and decisively. Marcos Moreno Chagas Assumpção, Suzano’s Executive Vice President of Finance and Investor Relations, stated unequivocally that no formal or informal agreements existed between the parties. Suzano emphasized that no binding or non-binding documents had been signed. The company’s management bodies had not made any decisions or deliberations regarding the rumored acquisition.

Despite the denial of acquisition plans, Suzano‘s stock closed 1.14% higher at R$61.91. This uptick occurred alongside a modest 0.26% gain in the Ibovespa index, which reached 121,077 points. The market’s positive reaction hinted at investor confidence in Suzano’s current strategy and performance. The episode highlighted the importance of clear communication in the face of market rumors.