UK packaging firm DS Smith agrees £5.8bn takeover by US group
by Julia Kollewe from World news | The Guardian on (#6M3R8)
International Paper settles all-share deal after tussle with British rival Mondi
The FTSE 100 UK packaging firm DS Smith is to be taken over by a bigger US rival, International Paper, after the companies agreed a 5.8bn all-share deal.
Tennessee-based International Paper, one of the largest paper and pulp companies in the world, moved in late March to gatecrash a 5.14bn all-share deal put forward by its British rival Mondi, based in Weybridge, that month.
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