International Paper Buy of DS Smith Passes U.S. Antitrust Muster

MarketWatch (06/25/24) Kellaher, Colin

International Paper's pending $7 billion-plus deal to purchase U.K. packaging peer DS Smith has cleared a major U.S. regulatory hurdle. This past week, International Paper announced that the waiting period under the Hart-Scott-Rodino act has expired, thus removing any U.S. antitrust bar to the transaction. The Memphis-based company said the acquisition is still subject to other conditions, most notably European regulatory approval, but that it still expects to close the deal by year's end.

Read more on MarketWatch.