DS Smith (GB:SMDS) has released an update.
DS Smith Plc has announced the successful shareholder approval for an all-share combination with International Paper, a move that will see International Paper acquiring all issued and to be issued ordinary shares of DS Smith. This step is part of a court-sanctioned scheme of arrangement and has met the necessary conditions at recent shareholder meetings. The merger is still subject to certain conditions and approvals, with further details and expected timelines available in the official Scheme Document.
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