International Paper sparks potential bidding war for DS Smith

International Paper sparks potential bidding war for DS Smith

Business

International Paper has ignited the possibility of a bidding war for UK paper packaging company DS Smith by extending a takeover offer that propelled the shares of the FTSE-100 target to a two-year high.

DS Smith confirmed discussions with International Paper regarding an all-stock offer from the U.S.-based company, valuing it at £5.72 billion.

This development comes shortly after DS Smith reached a tentative agreement with UK-listed competitor Mondi, who proposed an all-share takeover valuing DS Smith at £5.14 billion.

Under International Paper's proposal, DS Smith shareholders would receive 0.1285 shares in International Paper for each DS Smith share they own, resulting in ownership of 33.8% in the combined entity. This contrasts with Mondi's offer, which would grant DS Smith shareholders control of 46% of the enlarged group.

International Paper Co., Cullen, LA © Billy Hathorn (CC BY-SA 3.0)

International Paper has until April 23 to solidify its offer.

Further updates will follow as appropriate.

Latest Packaging News

Spectra: PET plastic outshines glass and aluminium as the better choice
Supplier News

Spectra: PET plastic outshines glass and aluminium as the better choice

In today's world, environmental consciousness is more important than ever, and making sustainable...
Need to adapt your production line for a new product? Royal Apollo Group have you covered!
Supplier News

Need to adapt your production line for a new product? Royal Apollo Group have you covered!

We already did it many times before. Our modular design gives your system the flexibility it needs!...
PHARMAP 2025: Discovering pharma eco-friendly initiatives
Events

PHARMAP 2025: Discovering pharma eco-friendly initiatives

The Pharmaceutical Manufacturing and Packaging Congress (PHARMAP) 2025 is gathering over 350...
Australia’s MasterFoods trials paper-based tomato sauce packs
Sustainability

Australia’s MasterFoods trials paper-based tomato sauce packs

MasterFoods has introduced a trial of recyclable, paper-based tomato sauce packs, which contain 58%...
Refill Return Cup initiative off to a strong start in Cardiff
Business

Refill Return Cup initiative off to a strong start in Cardiff

Cardiff’s Refill Return Cup initiative has seen strong engagement in its first month, with more...