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International Paper Announces Agreement to Acquire DS Smith

Creates a global leader in sustainable packaging solutions with a focus on growing North American and European regions.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination, creating a global leader in sustainable packaging solutions. The terms of the combination value each DS Smith share at 415 pence per share, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3 percent for IP shareholders and 33.7 percent for DS Smith shareholders, implying a transaction value of approximat...

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