International Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination, creating a truly global leader in sustainable packaging solutions. Andrew K. Silvernail will be CEO of the combined company and Miles Roberts will be retained as a consultant to assist with integration matters. As part of the Combination, up to two non-executive directors of DS Smith will be invited to join the Board of the combined company upon close of the Combination.
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359.2 GBX | +0.34% | +1.36% | 6.19B | ||
38.84 USD | +5.20% | +11.16% | 13.49B | ||
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+16.82% | 6.19B | |
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+4.05% | 5.71B |
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- International Paper Company and DS Smith Plc Announce Andrew K. Silvernail to be CEO of the Combined Company