bullish

DS Smith PLC

International Paper/DS Smith: Spread

215 Views25 Apr 2024 05:45
Following the withdrawal of Mondi from the contest to acquire DS Smith, the IP/SMDS gross spread to the deal turned negative (from +10%). Comparables trade at a median 7.1x vs. SMDS at 6.3x.
What is covered in the Full Insight:
  • Details of International Paper and DS Smith deal
  • Background of merger and former Mondi proposal
  • Summary of deal terms
  • Targeted synergies and merger rationale
  • European and US packaging comparables
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Jesus Rodriguez Aguilar
European Event-Driven Analyst
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