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International Paper considering GBP 5B+ bid for DS Smith, Sky News reports

International Paper (IP) is weighing an offer of over GBP 5B for British-based packaging group DS Smith (DITHF), Sky News’ Mark Kleinman reports. A formal offer by International Paper would gatecrash an agreed GBP 10B tie-up between DS Smith and Mondi (MONDY), the report notes.

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