IP Stock Recent News

DS Smith PLC (LSE:SMDS) has agreed to a 415p-per-share offer from US packing group International Paper, putting an end to lengthy negotiations with rival domestic bidder Mondi PLC (LSE:MNDI). Talks were still ongoing between DS Smith and Mondi as late as last week when Memphis-based International Paper tabled a knock-out £5.8 billion offer.

International Paper said on Tuesday it has agreed an all-share deal to buy DS Smith , valuing the British paper and packaging firm at 5.8 billion pounds ($7.20 billion). ($1 = 0.8050 pounds)

International Paper (IP) makes an all-stock offer for British paper and packaging company, DS Smith, valued at 5.72 billion pounds ($7.22 billion).

Shares in FTSE 100-listed DS Smith PLC (LSE:SMDS) surged higher after the packaging group confirmed yesterday evening that it is in talks about being bought by rival International Paper Co (NYSE:IP).  The proposal is that DS Smith shareholders would get 0.1285 International Paper shares for each of theirs, with the latest IP share price of $40.85 valuing DS Smith at 415p apiece, a 48% premium to where its shares traded before its 8 March agreement of a possible merger with Mondi PLC (LSE:MNDI).

IP shares are down on talk the company might try to top an existing offer for DS Smith. The deal could add global exposure, but investors are focused on cost.

Paper and packaging company DS Smith said on Tuesday that it is in discussions with U.S.-listed International Paper regarding a proposal to buy the British packaging firm through a possible all-share offer.

International Paper Company shows signs of significant transformations, including asset sales and restructuring, under the new CEO. The company has its own manufacturing capabilities across different continents and focuses on renewable fiber-based materials. The recent financial results were lower than expected, but investors remain optimistic about the future earnings of International Paper Company.

International Paper (IP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

International Paper (IP) was the top-performing stock in the S&P 500 Tuesday as the packaging and pulp producer announced its board had selected a new chief executive.

IP announced that Andrew Silvernail will take over as CEO effective May 1, ending uncertainty about the planned CEO transition. The company has sustained its dividend even after divesting its Russian assets.