INTERNATIONAL PAPER CO /NEW/ (IP): M&A transaction — International Paper completes DS Smith acquisition; 34.1% dilution, $514M synergy target

INTERNATIONAL PAPER CO /NEW/

IP issued ~179.8M new shares (0.1285 per DS Smith share) to complete the acquisition.
DS Smith shareholders will own ~34.1% of IP post-acquisition.
Synergy target of at least $514M; acquisition expected to be EPS accretive in year one.
DS Smith shares to be delisted from LSE on Feb 4, 2025; new IP shares trade on NYSE and LSE.
Combined company creates global leader in sustainable packaging, per IP Chairman and CEO.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

INTERNATIONAL PAPER CO /NEW/ completed an acquisition involving DS Smith plc for 0.1285 of a new share of common stock of the Company, par value $1.00 per share (closed 2025-01-31).

Action: acquisition
Counterparty: DS Smith plc
Consideration: 0.1285 of a new share of common stock of the Company, par value $1.00 per share
Closing: 2025-01-31

Exact text from the filing

“ Company ”), through its indirect wholly owned subsidiary, International Paper UK Holdings Limited, completed the closing (the “ Closing ”) of its previously announced acquisition (the “ Acquisition ”) of the entire issued and to be issued ordinary shares of DS Smith plc, a public limited company registered in England and Wales (“ DS Smith ”).

View on SEC.gov

14 m&a transactions filed in the last 30 days. Browse all m&a transactions →

INTERNATIONAL PAPER CO /NEW/ filing history →

Source: SEC EDGAR

accession 0001193125-25-018475

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