International Paper Launches £5.7bn Takeover Bid for DS Smith
Wednesday, 27 March 2024, 13:12
International Bidding War for UK Packaging Firm
An international bidding war is unfolding for UK packaging company DS Smith, with US-based International Paper presenting a £5.7bn takeover proposal.
Key Points:
- Competition: International Paper counters Mondi's offer with a higher bid.
- Companies Involved: DS Smith, International Paper, and Mondi.
- Financial Implications: The bidding war could impact the market dynamics and stock valuations.
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