DS Smith to acquire 80% of Interstate Resources for $920M

UK-listed DS Smith signed a conditional agreement to acquire 80% of US corrugated packaging business Interstate Resources from Merpas for $920 million, assuming about $226 million of debt.

“UK-listed DS Smith has entered a conditional agreement to acquire 80% of US corrugated packaging business Interstate Resources for $920m.”packaging-gateway.com

• 5 sources
• packaging-gateway.comDS Smith to acquire 80% of US packaging firm Interstate Resources for $920m -Jun 29, 2017
• bryancountynews.comImpact of corporate move on Riceboro mill unclear - Bryan County NewsJul 3, 2017
• recyclingtoday.comDS Smith makes bid for US packaging firm - Recycling TodayJul 4, 2017
• packaging-gateway.comJune's top stories: Cortec's corrosion protection boxes, DS Smith to buy 80% of Interstate Resources -Jul 4, 2017
• accountsexamples.comIAS 34 para 16A (i), certain acquisition disclosures, share consideration – Accounts examplesOct 31, 2017

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