# International Paper agrees all-share combination with DS Smith

International Paper and DS Smith agreed the terms of a recommended all-share combination creating a global sustainable packaging leader. The transaction value is about $9.9 billion and the deal is expected to close by Q4 2024.

- Type: Acquisition
- Announced: 2024-04-16
- Value: $9.90B
- Status: announced
- Products: sustainable packaging solutions
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [DS Smith](https://endata.com/companies/221.md) (target)
- [International Paper](https://endata.com/companies/716.md) (acquirer)
- [Mondi Group](https://endata.com/companies/896.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/international-paper-announces-agreement-to-acquire-ds-smith-302117601.html), 2024-04-16: "International Paper (NYSE: IP, "IP") and DS Smith Plc (LSE: SMDS, "DS Smith") today announced that they have reached agreement on the terms of a recommended all-share combination"
- [packagingdive.com](https://www.packagingdive.com/news/international-paper-ds-smith-acquisition-few-barriers-mondi/713537/), 2024-04-22: "On April 16, International Paper announced it had agreed to acquire DS Smith, and Friday Mondi said it would not submit a counteroffer."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.