MEMPHIS - International Paper Company (NYSE:IP), a leading global producer of renewable fiber-based packaging, pulp, and paper products, has today released a second supplementary prospectus, following the recent publication of DS Smith Plc's financial results for the six-month period ending October 31, 2024.
The supplementary prospectus, endorsed by the Financial Conduct Authority (FCA), complements the initial prospectus published on September 11, 2024, regarding the admission of International Paper shares to the Official List and to trading on the London Stock Exchange (LON:LSEG). This move is part of the planned all-share combination with DS Smith, a UK-based provider of corrugated packaging.
International Paper has confirmed that there have been no significant changes to the profit forecasts for the fourth quarter of 2024, the full year of 2024, and the financial years 2025/26. These statements hold true following the DS Smith half-year results, indicating stability in International Paper’s financial outlook.
Furthermore, the Quantified Financial Benefits Statement, which outlines the expected financial benefits from the combination with DS Smith, remains unchanged. Both Deloitte LLP, as reporting accountants, and Merrill Lynch International (BofA Securities), as financial advisor, reaffirmed the validity of their reports on the profit forecasts and the Quantified Financial Benefits Statement.
The document is available for review on International Paper’s website, though access is restricted in certain jurisdictions due to legal limitations.
This announcement is a factual report based on the press release statement and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The combination with DS Smith is subject to English law and the relevant regulatory requirements. International Paper and DS Smith shareholders are advised to read the formal documentation related to the combination carefully and to seek independent financial advice as necessary.
The confirmation of unchanged profit forecasts and the Quantified Financial Benefits Statement may provide reassurance to investors regarding the stability and potential benefits of the upcoming combination between International Paper and DS Smith.
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