Mondi plc (GB:MNDI) has released an update.
Mondi plc has announced that after careful consideration and due diligence, it will not proceed with a takeover offer for DS Smith Plc, believing the transaction would not be in the best interests of Mondi’s shareholders. The company remains confident in its current portfolio and its potential for long-term growth and value creation for shareholders. Mondi reserves the right to reconsider its position under certain circumstances as per the rules of the Takeover Code.
For further insights into GB:MNDI stock, check out TipRanks’ Stock Analysis page.
