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DS Smith shares jump 7% after International Paper buyout proposal
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DS Smith shares jump 7% after International Paper buyout proposal
Mar 27, 2024 1:49 AM

(Reuters) - Shares in DS Smith ( DITHF ) opened 7.7% higher on Wednesday after the company said it is in talks with International Paper ( IP ) over an all-stock offer from its U.S.-listed rival.

The offer values the British paper and packaging firm at $7.2 billion.

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