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International Paper is exploring an offer to buy UK packaging company DS Smith in a potential all-share deal. DS Smith has confirmed the talks with International Paper, leading to the possibility of a bidding war. DS Smith shares surged after the buyout proposal, with International Paper's shares declining.
There could be a bidding war to buy British paper and packaging firm DS Smith after International Paper made a rival takeover bid for about £5.72 billion in stock. https://t.co/bToHE9Dmc3
DS Smith shares surge as International Paper’s takeover offer threatens to spark bidding war https://t.co/n9Otvsam8X
DS Smith shares jump 7% after International Paper buyout proposal https://t.co/6X3jCagWJ0 https://t.co/fa6rrxOc9z