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International Paper says DS Smith deal needs EU, US merger clearance

By Jon Menon ( April 16, 2024, 09:53 GMT | Insight) -- International Paper said its planned acquisition of Britain’s DS Smith will require merger clearance from the EU and US and foreign direct investment approval from the UK and Italy. The US paper company agreed the 5.8 billion-pound buyout to create a “global sustainable packaging solutions” company with “leading positions” in Europe and North America, it said today.International Paper said its planned acquisition of British packaging company DS Smith will require merger clearance from the EU and US and foreign direct investment approval from the UK and Italy....

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