International Paper Co (IP) has released an update.
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Shareholders of International Paper Co and DS Smith Plc have given their approval for an all-share merger, paving the way for creating a global leader in sustainable packaging solutions. This endorsement fulfills a key condition for the combination, which is still subject to regulatory approvals and final court sanction. The merger is anticipated to deliver significant value for stakeholders, with International Paper CEO Andy Silvernail highlighting the strong support for this strategic move.
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