International Paper settles all-share deal after tussle with British rival Mondi
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The FTSE 100 UK packaging firm DS Smith is to be taken over by a bigger US rival, International Paper, after the companies agreed a £5.8bn all-share deal.
Tennessee-based International Paper, one of the largest paper and pulp companies in the world, moved in late March to gatecrash a £5.14bn all-share deal put forward by its British rival Mondi, based in Weybridge, earlier that month.
