International Paper and DS Smith about to merge
News General news
International Paper (IP) and DS Smith Plc have reached an agreement on the terms of a merger.
Source: Company news
The transaction could create a global market leader in sustainable packaging solutions.
The terms of the merger provide that each DS Smith share will be valued at 415 pence per share and IP will issue 0.1285 shares for each DS Smith share, resulting in a pro forma ownership percentage of 66.3% for IP shareholders and 33.7% for DS Smith shareholders, resulting in a transaction value of approximately US$9.9 billion.
The merger is expected to close in the fourth quarter of 2024.
Company profile: EUWID Papier und Zellstoff, Germany, Gernsbach
Company profile: International Paper, Global Headquarters, USA, Memphis, TN
Company profile: DS Smith Packaging, Head Office, Great Britain and N.I., London
