The two companies together can create a true global leadership in sustainable packaging solutions which will drive significant value for the employees, customers and shareholders.
Oct 15, 2024
International Paper has announced that it has received the necessary shareholder approval for its pending acquisition of DS Smith. Earlier this week, DS Smith also received the necessary shareholder approval for the same.
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Talking about the potential acquisition, Andy Silvernail, Chairman and CEO, International Paper, said, ‘‘The overwhelming approval from both DS Smith and IP shareholders confirms the strong support of this combination. 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.’’
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International Paper and DS Smith continue to expect the deal to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions.
