DS Smith shares jump 7% after International Paper buyout proposal
By Thomson ReutersMar 27, 2024 | 4:45 AM
(Reuters) – Shares in DS Smith opened 7.7% higher on Wednesday after the company said it is in talks with International Paper over an all-stock offer from its U.S.-listed rival.
The offer values the British paper and packaging firm at $7.2 billion.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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