Mondi averts bidding war for DS Smith
Market applauds decision to step back in the face of a rival bid by International Paper
19 April 2024 - 14:51
UPDATED 19 April 2024 - 14:59
Mondi has bowed out of its bid to take over UK paper, packaging and recycling group DS Smith after announcing the £5bn deal, in principle, earlier in 2024.
The move comes in the face of a rival bid by International Paper, which made an all-share offer that was higher than that made by Mondi...
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