IP clears final hurdle in $10B European deal

By , Daily Memphian Updated: January 24, 2025 6:13 PM CT | Published: January 24, 2025 4:02 PM CT

International Paper’s $9.9 billion deal to acquire DS Smith is expected to close Jan. 31 and give the Memphis-based firm 30,000 new employees worldwide. 

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International Pape Andy Silvernail DS Smith European Commission
Jane Roberts

Jane Roberts

Jane Roberts has reported in Memphis for more than 20 years. As a senior member of The Daily Memphian staff, she was assigned to the medical beat during the COVID-19 pandemic. She also has done in-depth work on other medical issues facing our community, including shortages of specialists in local hospitals. She covered K-12 education here for years and later the region’s transportation sector, including Memphis International Airport and FedEx Corp.


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