International Paper Buy of DS Smith Passes U.S. Antitrust Muster
Provided by
Dow Jones
By Colin Kellaher
International Paper's pending $7 billion-plus deal to buy U.K. packaging peer DS Smith has cleared a key U.S. regulatory hurdle.
International Paper on Tuesday said the waiting period under the Hart-Scott-Rodino act has expired, removing any U.S. antitrust bar to the deal.
The Memphis, Tenn., company said the acquisition remains subject to other conditions, including European regulatory approval, but that it still expects to close the deal by the end of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 25, 2024 08:14 ET (12:14 GMT)
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