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04.04.2024 14:45:45 - dpa-AFX: International Paper: Combination With DS Smith To Generate Significant Synergies
LONDON (dpa-AFX) - International Paper Company issued an update on its
possible offer for DS Smith plc. The Directors believe that the combined
International Paper and DS Smith can deliver at least $514 million of pre-tax
cash synergies on an annual run-rate basis by the end of the fourth year
following completion of the combination. International Paper expects that the
total costs to achieve the synergies would be approximately $370 million.
International Paper confirmed that significant progress has been made in
reciprocal due diligence.
As part of the combination, any new International Paper shares issued to DS
Smith shareholders will be authorised for primary listing on the New York Stock
Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
possible offer for DS Smith plc. The Directors believe that the combined
International Paper and DS Smith can deliver at least $514 million of pre-tax
cash synergies on an annual run-rate basis by the end of the fourth year
following completion of the combination. International Paper expects that the
total costs to achieve the synergies would be approximately $370 million.
International Paper confirmed that significant progress has been made in
reciprocal due diligence.
As part of the combination, any new International Paper shares issued to DS
Smith shareholders will be authorised for primary listing on the New York Stock
Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
INTL PAPER DL 1 | 851413 | Frankfurt | 41,850 | 24.05.24 15:45:46 | +1,050 | +2,57% | 0,000 | 0,000 | 40,870 | 41,850 |
|
DS SMITH PLC LS-,10 | 877238 | Frankfurt | 4,412 | 24.05.24 08:10:59 | -0,010 | -0,23% | 0,000 | 0,000 | 4,412 | 4,412 |
