DS Smith Confirms That It Is In Discussions With International Paper Company Regarding A Proposal To Acquire The Co; Says Board Is Progressing Its Discussions With International Paper Regarding Proposal; Proposal To Acquire DS Smith Through A Possible All Share Offer
Portfolio Pulse from Benzinga Newsdesk
DS Smith is currently in discussions with International Paper Company about a potential acquisition through an all-share offer. The board of DS Smith is actively progressing these discussions.
March 26, 2024 | 5:33 pm
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POSITIVE IMPACT
International Paper Company is in discussions to acquire DS Smith through an all-share offer, indicating a strategic move to expand its business.
The potential acquisition of DS Smith by International Paper Company could significantly expand IP's market presence and product offerings, likely leading to a positive short-term impact on IP's stock price due to the strategic nature of the acquisition.
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IMPORTANCE 80
RELEVANCE 90