3rd Sep 2024 08:48
DS Smith PLC - London-based packaging company - issues trading update for the four months since May 1. Says market and business trends described in April, alongside full-year results have continued. Overall trading for the current financial year is in line with management expectations. Says combination with International Paper Co remains on track. Expects to post scheme documentation to shareholders in the near term. In April, DS Smith agreed an all-share takeover by its Memphis, Tennessee-based rival. The offer will see DS Smith shareholders receive 0.1285 of a International Paper share for every one held in DS Smith. At the time of the offer, it valued DS Smith at around GBP5.8 billion on a fully diluted basis, and its enterprise value at around GBP7.8 billion. Read More
