{"id":385,"date":"2024-06-26T06:40:19","date_gmt":"2024-06-26T10:40:19","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=385"},"modified":"2024-06-26T06:40:19","modified_gmt":"2024-06-26T10:40:19","slug":"ds-smith-and-international-paper-merger-clears-regulatory-hurdle","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=385","title":{"rendered":"DS Smith and International Paper merger clears regulatory hurdle\u00a0"},"content":{"rendered":"


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The deal is set to close in Q4 2024. Credit: Jonathan Weiss via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

DS Smith<\/a> and International Paper<\/a> (IP) announced that their proposed merger plan has reached a significant milestone with the expiration of the waiting period under the US\u2019 Hart-Scott-Rodino (HSR) Act.\u00a0\u00a0<\/p>\n

This development marks an \u2018important step\u2019 towards the completion of the proposed combination.\u00a0<\/p>\n

The expiration of the HSR Act waiting period is a crucial regulatory step, removing a major barrier to the merger\u2019s closure.\u00a0\u00a0<\/p>\n

However, the completion of the combination is still subject to other conditions, which include receiving regulatory clearance from the European Commission and the sanctioning of the scheme by the European Court.\u00a0<\/p>\n

The two companies are now expecting this proposed combination to be finalised in the fourth quarter (Q4) of this year.\u00a0<\/p>\n

In March this year, American paper and pulp company International Paper proposed an all-equity acquisition of the entire<\/a> issued share capital of British packaging company DS Smith.\u00a0<\/p>\n

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