Suzano (SUZ) said Thursday it is continuously assessing market opportunities and potential investments that align with its strategy. This follows news that the company was exploring an offer to acquire Clearwater Paper (CLW).
Bloomberg reported the deal between the Brazilian paper company and its American counterpart last week, but it has yet to be finalized.
In a filing to the US Securities and Exchange Commission, Suzano said the parties have not reached nor signed an agreement regarding the potential transaction mentioned in the media.
Clearwater did not immediately reply to MT Newswires' request for comment.
Shares of Clearwater were down more than 2% in after-hours activity, while Suzano shares were narrowly lower.
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