litigation
confidence high
sentiment neutral
materiality 0.50
International Paper adds BofA DS Smith valuation details to proxy after shareholder suits
INTERNATIONAL PAPER CO /NEW/
- Two complaints filed Sep 19-20 in NY Supreme Court allege proxy omissions; company voluntarily adds disclosure.
- BofA's selected companies analysis: DS Smith EV/2024E EBITDA 7.5x vs. peer mean 7.2x.
- BofA DCF for DS Smith used 8%-10% WACC, 2%-3% perpetuity growth, net debt £2,089M.
- BofA's IP analysis: IP EV/2024E EBITDA 7.8x vs. peer mean 8.7x (Packaging Corp, WestRock, Graphic Packaging).