Spurned DS Smith bidder Mondi battles lower selling prices results Packaging and paper Mondi has reported that it has entered the year with lower selling prices, with the blame on the devaluation of the Egyptian pound
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.
Mondi pulls out of DS Smith bidding war in win for US buyer Takeover 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.
London-listed Mondi leaves Russia after agreeing to sell biggest paper mill September 18, 2023 UK paper and packaging giant Mondi has agreed to sell its largest Russian plant for around 775 million euros (£668 million) to a Moscow-based property development group. Mondi’s share price jumped by nearly five per cent on Monday morning after it unveiled the deal involving Syktyvkar, its last remaining plant in Russia and the country’s [...]
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 [...]
City set for takeover battle as rivals enter bidding for DS Smith March 27, 2024 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.
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 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.
Here are the top five stocks on the FTSE 100 this year March 30, 2024 As the first quarter of 2024 comes to an end, City A.M. looks at the top five best-performing stocks on the FTSE 100 so far this year.
Gold miner Polymetal eyes sale of Russian arm as bosses cut ties June 5, 2023 Polymetal International could be eyeing up a sale of its Russian subsidiary following the resignation of its top two bosses.