Nip Impressions logo
Mon, Nov 11, 2024 07:51
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
International Paper Announces Overwhelming Shareholder Approval in Connection with the Proposed Acquisition of DS Smith

MEMPHIS, Tenn. (News release) -- International Paper is pleased to announce that it received the necessary shareholder approval for its pending acquisition of DS Smith (LSE: DSS), (the "Combination"). Earlier this week, DS Smith also received the necessary shareholder approval for the Combination.

International Paper will report the final vote results of the special shareholder meeting in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC"). International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions.

"The overwhelming approval from both DS Smith and IP shareholders confirms the strong support of this combination," said Andy Silvernail, Chairman and CEO of International Paper. "Bringing the two companies together will create a true global leader of sustainable packaging solutions which will drive significant value for our employees, customers and shareholders."

Are your products listed in the Paperitalo Supplier Directory? If not, click here.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: