International Paper Secures a Lucrative Deal
Memphis-based International Paper emerged victorious, announcing on Tuesday their all-share transaction to acquire London-headquartered DS Smith. The deal, which places DS Smith’s valuation at approximately £5.8 billion (about $7.2 billion), is anticipated to reshape the dynamics within the global packaging market.
Mondi Drops Pursuit Of DS Smith After Int’l Paper Deal : Legal Powerhouses Behind the Scenes
The transaction drew on the expertise of top-tier legal counsel, with International Paper being guided by Skadden Arps Slate Meagher & Flom LLP and Sidley Austin LLP. Meanwhile, DS Smith received advisory from Slaughter and May alongside Sullivan & Cromwell LLP.
Mondi Drops Pursuit Of DS Smith After Int’l Paper Deal : Mondi’s Focus on Future Growth
Despite stepping back from this deal, Mondi remains optimistic about its future. The company reassured stakeholders of its robust position in the market, emphasizing its “scale and cost-advantaged quality asset base.” Mondi is confident in its capacity for sustained growth, driven by its strategic investments and commitment to delivering shareholder value through sustainable practices.
