secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001193125-24-230330
Event type: litigation
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

International Paper adds BofA DS Smith valuation details to proxy after shareholder suits
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312524230330/0001193125-24-230330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312524230330/d892356d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-230330

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer