DS Smith profit slips but boss hails £5.8bn takeover opportunity Business DS Smith said medium-term targets for box volume growth had been "significantly impacted" by inflation, in addition to lower production volumes.
The week that was: London woes, hedge funds short on water, and confusing jobs data London Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
International Paper beats Mondi offer in DS Smith bidding war M&A Under the terms of the deal, DS Smith shareholders will receive 0.1285 International Paper shares.
International Paper set to announce formal £5bn-plus offer for DS Smith April 8, 2024 The US firm vying to acquire FTSE 100 packaging firm DS Smith is reportedly close to announcing a formal offer for the company worth more than £5bn amid a brewing bidding war with UK paper giant Mondi.
DS Smith suitor pledges London Stock Exchange listing and headquarters in the City April 4, 2024 The US paper firm vying to snap up box-maker DS Smith has said it will look for a secondary listing in London and retain a base in the City if it is successful in buying the firm.
City set for takeover battle as rivals enter bidding for DS Smith March 27, 2024 A US-listed paper producer has thrown a spanner into the works of Mondi's takeover of DS Smith, with a potential £5bn-plus bid of its own.
DS Smith: Amazon packaging giant silent on takeover bid as box volumes stay flat March 6, 2024 Packaging giant DS Smith has omitted mention of a potential takeover bid in a trading statement, instead noting that box volumes remained flat over the last three months. In a trading statement, the group said its focus remained on improving operating efficiency, resilient pricing and tight cost controls, as North America and Eastern Europe saw [...]