{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-097349","form_type":"8-K","ticker":"IP","cik":"0000051434","company_name":"INTERNATIONAL PAPER CO /NEW/","filed_at":"2024-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.650503+00:00","generated_at":"2026-06-03T22:28:34.552240+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"International Paper to acquire DS Smith in all-stock $9.9B deal, creating global packaging leader","bullets":["DS Smith shareholders receive 0.1285 IP shares per share; pro forma ownership 66.3% IP, 33.7% DS Smith.","Transaction expected to close Q4 2024; IP to maintain current dividend and strong investment-grade balance sheet.","At least $514M in annual pre-tax cash synergies expected by year 4; ~$370M one-time costs to achieve.","Andrew Silvernail to lead combined company; Miles Roberts to serve as integration consultant.","Combined FY23 pro forma revenue ~$28.2B and adjusted EBITDA ~$4.1B; EPS accretive in year one."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-097349","json":"https://secwatch.observer/filing/0001193125-24-097349.json","markdown":"https://secwatch.observer/filing/0001193125-24-097349.md","text":"https://secwatch.observer/filing/0001193125-24-097349.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/51434/000119312524097349/0001193125-24-097349-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/51434/000119312524097349/d827360d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:28:34.552240+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ca40e11f9f7ba509b9b0a6e77e96db1756f2f6a7","claim":"INTERNATIONAL PAPER CO /NEW/ entered into Co-operation Agreement with DS Smith Plc (effective 2024-04-16).","evidence_excerpt":"nnouncement (the “ Rule 2.7 Announcement ”), pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers (the “ Code ”) disclosing the terms of a recommended offer by the Company to acquire the entire issued and to be issued share capital of DS Smith Plc, a public limited company incorporated in England and Wales (“ DS Smith ”), in an all-stock transaction (the “ Business Combination ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/51434/000119312524097349/0001193125-24-097349-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"DS Smith Plc"},{"label":"Effective","value":"2024-04-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}