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DS Smith tumbles as Mondi abandons pursuit
By Michele Maatouk
Date: Friday 19 Apr 2024
(Sharecast News) - DS Smith tanked on Friday after Mondi said it would not be making an offer for the rival packaging group, clearing the path for a takeover by International Paper.
Earlier this week, US firm International Paper agreed to buy DS Smith for $5.8bn in an all-share deal.
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