secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001193125-24-086621
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312524086621/0001193125-24-086621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312524086621/d815839d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-086621

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer