Date:	--/--/-- --:--:--
Event Id:	E55I846YW
Action Type:	MERGER
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	SMDS.UK
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	4.15
Price Per Share Currency:	GBP
News References:	https://www.prnewswire.com/news-releases/international-paper-announces-overwhelming-shareholder-approval-in-connection-with-the-proposed-acquisition-of-ds-smith-302274326.html

Action Notes

International Paper and DS Smith Plc today announced that they have reached agreement on the terms of a recommended all-share combination (the "Combination"), creating a truly global leader in sustainable packaging solutions. The terms of the Combination value each DS Smith share at 415 pence per share1, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3 percent for IP shareholders and 33.7 percent2 for DS Smith shareholders, implying a transaction value of approximately $9.9 billion3. The Combination is expected to close by Q4 2024. IP shareholders approved the transaction on 10/11. DS Smith shareholders have already approved it.