---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-086621"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:34:59.462050+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IP targets $514M pre-tax synergies from DS Smith deal; April 23 deadline set

## Summary
- At least $514M annual pre-tax cash synergies expected by end of 4th year post-completion.
- Synergies: 92% cost (operational, overhead, procurement) + 3% revenue; one-time cost ~$370M.
- Combination expected to be immediately EPS accretive; ROIC to exceed WACC by year 3.
- IP proposes European HQ in London, secondary LSE listing; North American ops to continue.
- Firm offer deadline: 5:00 p.m. BST on April 23, 2024, per U.K. Takeover Code.

## SEC filing metadata
- accession: 0001193125-24-086621
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000119312524086621/0001193125-24-086621-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000119312524086621/d815839d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-086621
- JSON: https://secwatch.observer/filing/0001193125-24-086621.json
- Plain text: https://secwatch.observer/filing/0001193125-24-086621.txt

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