International Paper Announces Overwhelming Shareholder Approval in Connection with the Proposed Acquisition of DS Smith

Core Viewpoint - International Paper has received shareholder approval for its acquisition of DS Smith, which is expected to create a global leader in sustainable packaging solutions [1][2]. Company Overview - International Paper is a global provider of renewable fiber-based packaging and pulp products, employing approximately 39,000 people worldwide [3]. - The company reported net sales of $18.9 billion for the year 2023 [3]. Acquisition Details - Both International Paper and DS Smith shareholders have overwhelmingly approved the acquisition, indicating strong support for the Combination [2]. - The Combination is anticipated to close in late Q4 2024, pending regulatory clearance and customary closing conditions [1].