M&A
confidence high
sentiment neutral
materiality 0.60
IP and DS Smith set shareholder meetings: Oct 7 (DS Smith) and Oct 11 (IP) for all-stock deal
INTERNATIONAL PAPER CO /NEW/
- IP published U.K. prospectus for London Stock Exchange listing in connection with the DS Smith acquisition.
- DS Smith scheme document sets shareholder meeting for October 7, 2024 to approve the transaction.
- IP will file definitive proxy statement on September 12, 2024; special shareholder meeting on October 11, 2024.
- Deal is an all-stock acquisition; IP shares will be issued as consideration for DS Smith.