---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-077836"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:27:55.875057+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# International Paper proposes all-equity acquisition of DS Smith at 48% premium

## Summary
- All-equity proposal: 0.1285 IP shares per DS Smith share, valuing DS Smith at 415 pence per share (48% premium to undisturbed price of 281p).
- DS Smith shareholders would own about 33.8% of the combined group.
- IP confirms discussions; no firm offer yet; deadline under UK Takeover Code to announce or withdraw by April 23, 2024.
- Strategic rationale: create global leader in sustainable packaging, strengthen European corrugated, and drive significant synergies.

## SEC filing metadata
- accession: 0001193125-24-077836
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000119312524077836/0001193125-24-077836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000119312524077836/d732540d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-077836
- JSON: https://secwatch.observer/filing/0001193125-24-077836.json
- Plain text: https://secwatch.observer/filing/0001193125-24-077836.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.