DS Smith confirms talks with International Paper for potential all-share takeover after Mondi's £5.1bn offer.

DS Smith, a UK packaging company, has confirmed talks with US rival International Paper for a potential all-share takeover offer after Mondi agreed to buy it for £5.1bn earlier this month. International Paper's proposal, worth £5.72bn, could trigger a bidding war for DS Smith. The talks come as UK companies face concerns that they may be undervalued and vulnerable to foreign takeovers.

March 26, 2024
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