IP Gets Shareholders' Approval for DS Smith Acquisition, Stock Up
International Paper(IP) ZACKS·2024-10-14 21:15
Shares of International Paper (IP) gained 3% on Friday following the announcement that its shareholders have voted in favor of the pending acquisition of DS Smith Plc (DITHF) . This deal will strengthen IP’s corrugated packaging business in Europe and prioritize sustainable packaging.At a special meeting of International Paper’s shareholders held on Friday, around 99% of the shareholders voted in favor of the acquisition. DS Smith had secured the approval of its shareholders earlier in the week. The acquisi ...