US giant Paper International offers 5.8B pounds for UK peer

By Agence France-Presse

Apr 17, 2024 12:21 am

LONDON: US group International Paper said on Tuesday it has agreed to buy UK peer DS Smith for 5.8 billion pounds ($7.2 billion) to create a global giant after topping a proposal from rival Mondi.

'The boards of International Paper Company and DS Smith Plc are pleased to announce that they have reached agreement on the terms of a recommended all-share combination of International Paper with DS Smith,' the pair said in a statement.

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