International Paper announced on January 31, 2025, the successful completion of its acquisition of DS Smith plc. This combination creates a new global leader in sustainable packaging solutions, with a focus on the attractive North American and EMEA regions.
Pursuant to the acquisition, International Paper will issue 0.1285 new shares of common stock for each ordinary share of DS Smith, resulting in the issuance of approximately 179,847,780 new IP common shares. These new shares are expected to begin trading on the New York Stock Exchange and London Stock Exchange on February 4, 2025.
The acquisition is expected to achieve significant synergies of at least $514 million and be accretive to earnings per share in year one. Chairman and CEO Andrew K. Silvernail stated that the combined entity will accelerate growth, improve profitability, and enhance customer service through its expanded geographic footprint and sustainable offerings.
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