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...Smith & Nephew had given a “compelling rationale” for paying more to its US-based leaders, Glass Lewis said....
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...Jessica SmithI’m Jess Smith and here’s the news you need to start your day. [MUSIC PLAYING] Tesla’s first-quarter earnings are out tomorrow, and they could be the worst in seven years....
...Smiths declined to comment. Keel and Envista did not respond to requests for comment....
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From Tony Smith, Bishop’s Stortford, Hertfordshire, UK
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...US-based International Paper has agreed to buy UK rival DS Smith in a deal valued at £7.8bn, the companies said on Tuesday....
Quarter-on-quarter drop provides some relief for households but quotes are up 43% from a year ago
...Hill & Smith has lauded the performance of its US businesses, describing a “standout performance in composites and electrical utility”....
...Mondi’s offer valued DS Smith at roughly £6.2bn, including debt....
US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
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...The announcement comes after rival Mondi reached an agreement in principle for a takeover of DS Smith earlier this month....
...Jefferies puts these at £350mn annually or some 4 per cent of DS Smith’s sales....
...Smith has been admirably candid about the meaning of this story for her....
Also in today’s newsletter, Elon Musk makes startling AI prediction and Israel sets date for Rafah assault
Also in today’s newsletter, US and UK sign landmark AI deal and UBS promises $2bn buyback
...International Paper’s all-share proposition for DS Smith is equivalent to 415p per share, which would value the company at roughly £6.8bn including debt....
...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
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