Streetbeat News

DSSMY

Smith (DS) plc

http://www.dssmith.com

CEO

Miles Roberts

Industry

Corrugated and Solid Fiber Box Manufacturing

Open

18.89

Mkt cap

9.8B

Volume

High

28.42

P/E Ratio

20.01

52-wk high

28.42

Low

18.89

Div yield

0.04

52-wk low

13.20

DS Smith shareholders have approved the acquisition by International Paper. This decision marks a significant step in the merger process between the two companies.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:15 pm

International Paper (IP) is set to acquire DS Smith (DSSMY) for $9.9 billion, aiming to create a global leader in sustainable packaging solutions. The deal is expected to deliver significant shareholder value, enhance customer offerings, and achieve at least $514 million in synergies. It will be EPS accretive in the first year and maintain a strong investment-grade balance sheet, reflecting both companies' commitment to sustainability and responsible growth.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:39 am

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