# International Paper agrees $7.2B all-share deal to buy DS Smith

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.

- Type: Acquisition
- Announced: 2024-04-16
- Value: $7.20B (5.80B GBP)
- Status: announced
- Products: 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

- [reuters.com](https://www.reuters.com/markets/deals/international-paper-clinches-720-bln-deal-buy-ds-smith-2024-04-16/), 2024-04-16: "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)"

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