15 Top Press Releases from August: Best Colleges for 2026, Trolli x Mountain Dew Collab, FDA Approval for Wegovy and Back-to-School Recap

International Paper announces strategic changes, including the sale of its Global Cellulose Fibers business for $1.5 billion, a $250 million investment in the Riverdale Mill, and the closure of three mills. The Princeton Review releases its Best Colleges for 2026 rankings, highlighting top colleges in various categories. BOXABL and FG Merger II Corp. sign a merger agreement for a BOXABL public listing on NASDAQ. Can-Am launches a new generation Defender side-by-side with practical features and industry-leading technology. BitMine Immersion (BMNR) ETH holdings exceed 1.15 million tokens, valued at over $4.96 billion, making it the largest ETH treasury in the world.

International Paper Company (NYSE: IP) has announced a series of strategic changes aimed at optimizing its operations and enhancing its financial position. The company's CEO and Chairman, Andrew Silvernail, presented these updates at the Jefferies Mining and Industrials Conference 2025 [1].

One of the key announcements was the sale of the Global Cellulose Fibers business for $1.5 billion. This transaction is part of International Paper's broader strategy to streamline its operations and focus on core competencies. Additionally, the company has invested $250 million in the Riverdale Mill, demonstrating its commitment to modernizing and expanding its manufacturing capabilities.

Furthermore, International Paper has announced the closure of three mills, which is expected to reduce operational costs and improve efficiency. The company has been proactive in managing its workforce and has implemented a support program to assist employees affected by the closures.

In other news, The Princeton Review has released its Best Colleges for 2026 rankings, highlighting top colleges in various categories. This annual report is a valuable resource for students and their families as they navigate the college application process.

In the financial sector, BOXABL and FG Merger II Corp. have signed a merger agreement for a BOXABL public listing on NASDAQ. This move is expected to provide BOXABL with increased liquidity and access to capital markets.

Can-Am has launched a new generation Defender side-by-side, featuring practical features and industry-leading technology. This product is likely to appeal to a wide range of consumers, from recreational enthusiasts to commercial operators.

Lastly, BitMine Immersion (BMNR) has reported that its ETH holdings exceed 1.15 million tokens, valued at over $4.96 billion. This makes BMNR the largest ETH treasury in the world, highlighting the company's significant presence in the cryptocurrency market.

These developments underscore the dynamic nature of the global economy and the importance of strategic planning for businesses to remain competitive.

References:
[1] https://seekingalpha.com/article/4819472-international-paper-company-ip-presents-at-jefferies-mining-and-industrials-conference-2025?source=affiliate_program:stockanalysis.com&utm_medium=affiliate&utm_source=stockanalysis.com&affid=858&oid=16&transaction=5f94600dfb4941dc9242d0330f50de68