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Stock impact report

International Paper Prevails With $7.2 Billion DS Smith Deal [BNN Bloomberg (Canada)]

International Paper Company (IP) 
Last international paper company earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: internationalpaper.com/performance
Company Research Source: BNN Bloomberg
Under the all-stock deal, the US company agreed to pay 0.1285 new International Paper share for each DS Smith share. The terms value the UK company at 415 pence per share based on March 25 prices, according to a statement. DS Smith closed Monday at 409.60 a share. The companies had said last month that International Paper was considering a bid, after Mondi had reached an in-principle deal to buy the UK business. Upon completion, International Paper shareholders will own about 66% of the combined company. ©2024 Bloomberg L.P. Show less Read more
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