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

Autopack hits the acquisition trail with deal to buy Nottingham namesake
Supplier News

Autopack hits the acquisition trail with deal to buy Nottingham namesake

Leading independent integrator of packaging lines Autopack has bought Nottingham-based Autopak...
UK recycling facility upgrades boost output of recycled flexible plastics
Sustainability

UK recycling facility upgrades boost output of recycled flexible plastics

Amcor, a global leader in developing and producing responsible packaging solutions, has completed...
Unpacking PHARMAP 2026: Advanced technologies and solutions for the industry
Events

Unpacking PHARMAP 2026: Advanced technologies and solutions for the industry

The Pharmaceutical Manufacturing and Packaging Congress (PHARMAP) 2026 welcomes project leaders,...
Paramount Packaging Systems: Fuji confectionery wrappers installation
Supplier News

Paramount Packaging Systems: Fuji confectionery wrappers installation

The Challenge One of our confectionery clients needed a new machine capable of handling the...
Floral Street launches sustainable Perfume Mist with Spectra Packaging
Supplier News

Floral Street launches sustainable Perfume Mist with Spectra Packaging

Fragrance brand Floral Street has recently partnered with Spectra Packaging to create the packaging...