MEMPHIS, TN - International Paper Co. (NYSE:IP) announced today the release of a second supplementary prospectus related to its UK listing, which is part of the company's ongoing acquisition of DS Smith (LON:SMDS) Plc. The supplementary document, intended for the UK Financial Conduct Authority, complements previous prospectuses dated September 11 and November 4, 2024.
The latest prospectus supplements the original and first supplementary documents, collectively known as the UK Prospectus. This series of prospectuses supports the admission of International Paper's common stock, with a par value of $1.00 per share, to the Official List of the FCA and to trading on the London Stock Exchange (LON:LSEG)'s main market. This step comes after International Paper's shareholders approved the issuance of new shares to DS Smith's shareholders on October 11, 2024, as part of the acquisition terms.
The acquisition of DS Smith, an England and Wales-incorporated public limited company, involves an all-stock transaction. The deal is structured to expand International Paper's footprint in the market of packaging solutions, leveraging DS Smith's established presence and expertise.
International Paper, headquartered in Memphis, Tennessee, is a global leader in the paper and packaging industry, with manufacturing operations in North America, Latin America, Europe, North Africa, India, and Russia. The company's strategic move to acquire DS Smith is part of its broader efforts to strengthen its global market position.
This corporate action is disclosed in accordance with regulatory requirements and is based on information contained in the SEC filing. The full details of the acquisition and the terms of the share issuance are available in the second supplementary prospectus, which must be read in conjunction with the original prospectus and the first supplementary prospectus.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.