International Paper Confirms That It Has Made An All-Equity Proposal To Acquire Entire Issued Share Capital Of DS Smith
Portfolio Pulse from Benzinga Newsdesk
International Paper (IP) has confirmed its intention to acquire DS Smith by making an all-equity proposal for the entire issued share capital of DS Smith. This strategic move aims to expand IP's footprint in the packaging sector.
March 26, 2024 | 6:06 pm
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International Paper's proposal to acquire DS Smith could significantly enhance its market position in the packaging industry, potentially leading to synergies and increased market share.
The acquisition of DS Smith by International Paper is likely to be viewed positively by the market due to the potential for synergies and enhanced market positioning. This strategic move could lead to increased investor confidence in IP's growth trajectory, potentially driving up its stock price in the short term.
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