International Paper Acquires Packaging Firm DS Smith; Eyes Secondary Listing On London Stock Exchange
International Paper secures a $9.9 billion deal to acquire DS Smith Plc, forming a powerhouse in sustainable packaging. The arrangement, valued at 415 pence per DS Smith share, will see IP issuing 0.1285 shares for each DS Smith share, resulting in 66.3% ownership for IP shareholders and 33.7% for DS Smith shareholders.
