WOOD - London Calling: International Paper Eyes Secondary listing As Part Of Proposed DS Smith Combination | Benzinga
International Paper Company (NYSE:IP) shares are trading higher after it provided an update on its possible offer for DS Smith plc (OTC:DITHF).
International Paper confirmed significant progress in reciprocal due diligence as facilitated by the DS Smith Board and Management.
As part of the combination, International Paper intends to seek a secondary listing of its shares on the London Stock Exchange.
Mark Sutton, Chairman and CEO said, “Bringing International Paper together with DS Smith is a logical next step in International Paper’s strategy to create value by strengthening our packaging businesses in North America and Europe. By combining the strengths of both companies, we ...