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International Paper agreed an all-share deal to buy British packaging firm DS Smith, valuing it at 5.8 billion pounds ($7.2 billion) and outbidding Mondi. DS Smith said it had received proposals from both bidders.
“U.S.-based International Paper on Tuesday agreed to an all-share deal to buy DS Smith, valuing the British packaging firm at 5.8 billion pounds ($7.2 billion)”reuters.com
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