---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-018475"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2025-01-31T23:59:59+00:00"
generated_at: "2026-05-27T05:00:17.925739+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# International Paper completes DS Smith acquisition; 34.1% dilution, $514M synergy target

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-018475
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2025-01-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000119312525018475/0001193125-25-018475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000119312525018475/d912124d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-018475
- JSON: https://secwatch.observer/filing/0001193125-25-018475.json
- Plain text: https://secwatch.observer/filing/0001193125-25-018475.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.