International Paper beats Mondi offer in DS Smith bidding war M&A Under the terms of the deal, DS Smith shareholders will receive 0.1285 International Paper shares.
City set for takeover battle as rivals enter bidding for DS Smith M&A A US-listed paper producer has thrown a spanner into the works of Mondi's takeover of DS Smith, with a potential £5bn-plus bid of its own.
DS Smith suitor pledges London Stock Exchange listing and headquarters in the City Bidding war The US paper firm vying to snap up box-maker DS Smith has said it will look for a secondary listing in London and retain a base in the City if it is successful in buying the firm.
Mondi pulls out of DS Smith bidding war in win for US buyer April 19, 2024 Packaging giant Mondi has walked away from a bidding war for its smaller rival DS Smith, paving the way for Memphis-based International Paper to snap up the firm in a £5.8bn deal.
International Paper set to announce formal £5bn-plus offer for DS Smith April 8, 2024 The US firm vying to acquire FTSE 100 packaging firm DS Smith is reportedly close to announcing a formal offer for the company worth more than £5bn amid a brewing bidding war with UK paper giant Mondi.
DS Smith: Amazon packaging giant silent on takeover bid as box volumes stay flat March 6, 2024 Packaging giant DS Smith has omitted mention of a potential takeover bid in a trading statement, instead noting that box volumes remained flat over the last three months. In a trading statement, the group said its focus remained on improving operating efficiency, resilient pricing and tight cost controls, as North America and Eastern Europe saw [...]
Mega-merger on the way as Mondi set to buy UK rival DS Smith for £5.1bn March 8, 2024 Mondi is set to buy its smaller rival DS Smith for £5.1bn, the firms revealed in a stock exchange announcement. The deal, which had been rumoured since last month, saw Amazon packaging giant DS Smith’s shares jump 11 per cent on the day. Now, the two firms confirmed the agreement for a possible takeover, which [...]
FTSE 100 close: London dragged lower by Astrazeneca, DS Smith soars after takeover rumours February 8, 2024 Shares in Astrazeneca, the biggest company listed in London, dropped 6.3 per cent even after reporting an increase in revenue in 2023.
DS Smith share price drops as box maker notes ‘market weakness’ March 9, 2023 Box maker DS Smith has said it is continuing to trade in line with profit expectations despite seeing lower corrugated box volumes. The London-based group, which supplies packaging and paper products to the likes of Amazon and Brewdog, said that volume sales were lower in the third quarter due to “market weakness”, with businesses de-stocking [...]
DS Smith shares soar: Amazon cardboard provider could be one half of biggest City deal in years February 8, 2024 Should it come to pass it would be another major tie-up between London-listed operations, with housebuilders Barratt and Redrow looking to turn two listed firms into one.