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International Paper continues to own approximately 19.9% of the outstanding shares of Sylvamo common stock.
October 6, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
International Paper Company announced the completion of its previously announced separation and spin-off of its global printing papers business, now operating as Sylvamo Corporation. Each International Paper shareholder received one share of Sylvamo common stock for every eleven shares of International Paper common stock held on the record date. International Paper continues to own approximately 19.9% of the outstanding shares of Sylvamo common stock. “The spin-off enhances the strategic ...
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