IP shareholders overwhelmingly approve DS Smith acquisition; closing expected late Q4 2024

INTERNATIONAL PAPER CO /NEW/

IP shareholders approved share issuance for DS Smith acquisition with 281.9M votes for (99.7% of votes cast).
Adjournment proposal also passed with 223.4M for (78.7%). DS Smith shareholders approved earlier this week.
Closing expected late Q4 2024 subject to regulatory clearance and customary conditions.
IP Chairman and CEO Silvernail said combination creates global leader in sustainable packaging.

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