Streetbeat News

DITHF

Smith (DS) plc

http://www.dssmith.com

CEO

Miles Roberts

Industry

Corrugated and Solid Fiber Box Manufacturing

Open

6.40

Mkt cap

8.6B

Volume

High

6.40

P/E Ratio

17.86

52-wk high

6.55

Low

6.25

Div yield

0.03

52-wk low

3.25

The iShares MSCI EAFE Small-Cap ETF (NASDAQ:SCZ) has reached a 52-week high, driven by strong performance in small-cap stocks from developed markets outside North America. The ETF has risen 6.33% year-to-date and 12.84% over the past year, benefiting from its diversified portfolio and bullish momentum.

Portfolio Pulse from Surbhi Jain

August 22, 2024 | 7:34 pm

International Paper Company (NYSE:IP) has announced the acquisition of DS Smith Plc (OTC:DITHF) for approximately $9.9 billion, planning a secondary listing on the London Stock Exchange. The deal, expected to close by Q4 2024, values DS Smith shares at 415 pence each, with IP issuing 0.1285 shares for each DS Smith share. This transaction will result in IP shareholders owning 66.3% and DS Smith shareholders 33.7% of the combined entity. The merger aims to create a leading sustainable fiber-based packaging company, expecting to achieve $514 million in annual pre-tax cash synergies by the fourth year post-completion. The combined company will be headquartered in Memphis, Tennessee, with an EMEA headquarters in London.

Portfolio Pulse from Shivani Kumaresan

April 16, 2024 | 10:31 am

International Paper Company (NYSE:IP) is considering a secondary listing on the London Stock Exchange as part of its proposed combination with DS Smith plc (OTC:DITHF). The combination is expected to generate significant synergies, with pre-tax cash synergies of at least $514 million annually by the fourth year. This move is seen as a strategic effort to strengthen International Paper's packaging businesses in North America and Europe, and is expected to be immediately accretive to EPS. Investors can also gain exposure to International Paper through IShares Global Timber & Forestry ETF (NASDAQ:WOOD) and Invesco MSCI Global Timber ETF (NYSE:CUT).

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 4:36 pm

International Paper has announced significant progress in reciprocal due diligence regarding its potential offer for DS Smith. This update indicates a closer step towards a possible acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:58 am

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