International Paper (IP) Inks Deal to Buy DS Smith for $7.4Bn

International Paper Company (IP) has confirmed that it has entered into an agreement to acquire the entire issued share capital of DS Smith (DITHF) . This marks a strategic move to strengthen its corrugated packaging business in Europe and prioritize sustainable packaging. The buyout is expected to be accretive to IP’s earnings in the first year of closure and provide at least $514 million of pre-tax cash synergies on an annual run-rate basis by the end of the fourth year following the close.The offer value ...