April 19, 2024 11:17 GMT
DS Smith : Mondi Out of the Running
BASIC INDUSTRIES
• Mondi has announced they do not intend to make an offer for DS Smith.
• Leaves the agreed International Paper merger as uncontested now.
• Mondi is a stronger credit than IP and would have been credit positive, but that scenario was already largely priced out when the IP merger was agreed.
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