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Showing results for DS Smith Packaging Holding B.V.
...International Paper has made a takeover proposal for UK paper and packaging group DS Smith, opening up the possibility of a bidding war for the company, which had already reached a deal with competitor Mondi.US-based...
...The announcement comes after rival Mondi reached an agreement in principle for a takeover of DS Smith earlier this month....
...Shares in UK packaging maker DS Smith rose more than 10 per cent on Thursday morning after its board said it had been approached by rival Mondi with a preliminary takeover bid....
...The London-listed paper and packaging group Mondi is exploring the acquisition of its UK rival DS Smith in a deal that would create a more than £10bn industry heavyweight as the sector consolidates.Mondi...
...DS Smith, one of the world’s largest cardboard box makers, has suffered the first decline in demand for its packaging in over a decade, as the rising cost of living hits spending on online shopping from...
...UK paper and packaging group DS Smith entered a bidding war this week, with an approach from International Paper valuing its shares at a 48 per cent premium to the level it was trading at in February before...
...News round-up Norway oil fund boss criticises ExxonMobil’s ‘aggressive’ climate lawsuit (FT) Packaging group Mondi approaches UK rival DS Smith for £10bn tie-up (FT) Petrobras plans $100bn in spending...
...Martin Mead, head of energy efficiency at DS Smith, warned that the FTSE 100 packaging group was unable even to evaluate switching to electricity to generate steam at its paper mills....
...Though some investors laud dull, cash-generating businesses, container board makers such as Smurfit Kappa, DS Smith and Mondi have done little to earn any applause of late....
...It did not require rocket science to spot companies in the healthcare sector, or those which sold over the internet, delivery companies, and packaging companies like DS Smith and Smurfit....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...DS Smith has announced big investments this year to build new production sites in Italy and Poland and expand in Germany....
...Without conviction in wider P&P sector pricing upside near term and the stock likely being put in the penalty box by some investors as they question earnings resilience, in our view DS Smith lacks near-term...
...Perhaps a third of the UK’s FTSE 100 groups have canned the payments, including Mondi’s closest UK-listed rival DS Smith....
...Others this week include builders’ merchant Travis Perkins, packaging group DS Smith and rail and bus operator Go-Ahead....
...We are maintaining our ‘Neutral’ rating on DS Smith. We believe the current crisis will drive structural changes in the packaging sector....
...Shares in packaging group DS Smith even rose slightly when it scrapped its interim payout as a precaution, as investors noted the strong demand for its cardboard boxes from food and ecommerce clients....
...Shares in DS Smith rose as much as 6 per cent on Wednesday morning....
...NYSE v Nasdaq: may the best board win Next to the Red Sox and the Yankees, Nasdaq and NYSE have one of the most longstanding bitter rivalries in America....
...James Smith, economist at ING: A full 2021 recovery is unlikely....
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
...Separately, DS Smith said it had launched a strategic review of its plastic packaging business, which makes bags used as containers in cardboard wine boxes....
...In the most recent case Amcor, the Australia-listed packaging group agreed to take over its US rival Bemis in August, and in June UK cardboard-box maker DS Smith agreed a €1.7bn all-cash acquisition of Spanish...
...Monday 14:55 BST Here’s what’s happening Packaging maker DS Smith jumped to a record high after announcing the proposed acquisition of Madrid-listed Europac for €1.67bn....
...Amcor stockholders will own 71 per cent of the combined group, with Bemis shareholders holding the remainder....
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