DS Smith Is in Takeover Talks With International Paper.

DS Smith, a UK packaging company, is currently in talks with International Paper for a possible takeover, sparking a potential bidding war after Mondi agreed to buy DS Smith for £5.1 billion. International Paper is considering an offer of £5 billion or more for DS Smith. The paper and packaging sector has been consolidating, with Smurfit Kappa Group acquiring WestRock last year. The industry experienced a surge in demand during the pandemic but has since seen a decline as consumers returned to physical stores. DS Smith shareholders would receive 0.1285 shares in International Paper for each share they own, representing a value of 415 pence and a premium of 48%. [Extracted from the article]