LONDON (dpa-AFX) - International Paper (IP) said it adheres to its standard
policy of refraining from commenting on rumors or speculation circulating in
recent media reports. Under the leadership of new CEO Andy Silvernail, the IP
team is actively implementing business strategies and pursuing commercial and
cost improvement initiatives across its portfolio.

International Paper said it remains committed to completing its previously
announced merger with DS Smith.

Earlier today, Reuters reported that International Paper has been approached by
Suzano with an offer to buy the Memphis paper conglomerate for about $15
billion.
If the companies move ahead with the deal, it could disrupt International
Paper's pending acquisition of U.K. company DS Smith. IP outbid rival Monty Plc
for the deal.

Last month, International Paper and DS Smith reached agreement on the terms of a
recommended all-share combination. The terms of the combination values each DS
Smith share at 415 pence per share, and will result in IP issuing 0.1285 shares
for each DS Smith share, resulting in pro forma ownership of 66.3 percent for IP
shareholders and 33.7 percent for DS Smith shareholders, implying a transaction
value of approximately $9.9 billion.



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