Capital Research Global Investors disclosed ownership of 53,545,437 shares of International Paper Co., representing 10.1% of the 527,982,095 shares believed outstanding. The filing shows CRGI has sole voting power over 53,533,134 shares and sole dispositive power over 53,545,437 shares, with no shared voting or dispositive power reported. CRGI is presented as an investment adviser division of Capital Research and Management Company and related investment management entities and identifies American Mutual Fund in the ownership context. The statement affirms the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control.
International Paper Company announced on August 20, 2025, planned permanent closures of its Riceboro, GA and Savannah, GA containerboard operations as part of its 80/20 strategic approach. Riceboro will cease all operations by September 12, 2025, reducing containerboard capacity by ~430,000 tons and leading to estimated aggregate pre-tax non-cash charges of ~$170 million and aggregate pre-tax cash severance/shutdown charges of ~$77 million, with ~300 employees affected. Savannah will cease all operations by September 30, 2025, reducing capacity by ~1,000,000 tons and leading to estimated aggregate pre-tax non-cash charges of ~$400 million and aggregate pre-tax cash severance/shutdown charges of ~$81 million, with ~680 employees affected. The company expects total aggregate pre-tax cash charges of approximately $158 million and pre-tax non-cash accelerated depreciation charges of approximately $570 million, recorded during the quarter ending September 30, 2025. A press release was furnished as Exhibit 99.1.
International Paper entered a sale agreement to sell its Global Cellulose Fibers (GCF) business for a purchase price of $1.5 billion (subject to customary closing adjustments) and will receive preferred stock of the buyer with an aggregate initial liquidation preference of $190 million. The transaction is subject to customary closing conditions and required competition approvals; if not closed by February 20, 2026, the agreement may be terminated, though the End Date extends to May 20, 2026 if only competition approvals remain outstanding. The agreement includes an $85 million termination fee in specified circumstances. Management expects to classify GCF as held for sale and record a non-cash impairment charge between $700 million and $900 million in the quarter ending September 30, 2025. Clayton R. Ellis, Senior VP—Global Cellulose Fibers, is expected to depart upon closing and assume a role with the GCF business.