International Paper's HSR waiting period expires for DS Smith acquisition; deal expected Q4 2024

INTERNATIONAL PAPER CO /NEW/

HSR waiting period expired, removing key U.S. antitrust bar to closing the all-share combination.
Completion remains subject to European Commission clearance and UK court sanction.
Parties expect the scheme to become effective in the fourth quarter of 2024.
Deal terms per April 16, 2024 Rule 2.7 announcement; IP to acquire all DS Smith shares.

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