EU antitrust regulators have set a deadline of January 10, 2025, for their decision on International Paper's 5.8-billion-pound ($7.29 billion) bid for British packaging firm DS Smith. This deadline was revealed in a European Commission filing on November 26, 2024.
The regulatory review is a critical step in finalizing the proposed acquisition, which aims to create a global leader in sustainable packaging. The outcome of this decision will determine the path forward for the significant transaction.
The setting of a firm deadline provides clarity on the timeline for the merger's regulatory approval process. Investors are closely watching for the Commission's ruling, which is essential for the deal's completion.
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