International Paper rises on report of private equity interest in European arm

Investing.com -- International Paper (NYSE:IP) shares rallied 5.5% Thursday following reports that private equity firms Lone Star and Atlas Holdings are weighing buyout offers for the group’s European packaging arm. According to reporting from the Financial Times, the buyout interest could prompt the Memphis-based paper giant to abandon its previously announced plan to spin off and float the London-listed division on public markets.