10:53 AM EST, 01/21/2025 (MT Newswires) -- International Paper ( IP ) is expected to get the European Commission's approval for its proposed acquisition of DS Smith after agreeing to sell assets to resolve competition concerns, Reuters reported Tuesday, citing people with knowledge of the matter.

The regulator previously set a Jan. 24 provisional deadline for a decision on the proposed transaction.

International Paper's ( IP ) stock deal for the British packaging company had an implied transaction value of about $9.9 billion when it was announced in April.

The European Commission said it has no comment on the matter.

International Paper ( IP ) and DS Smith did not immediately reply to MT Newswires' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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