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  • Reuters

    UPDATE 1-International Paper clinches $7.20 bln all-share deal to buy DS Smith

    International Paper said on Tuesday it had agreed to an all-share deal to buy DS Smith , valuing the British paper and packaging firm at 5.8 billion pounds ($7.20 billion). Upon completion of the combination, DS Smith shareholders will own about 33.7% and International Paper shareholders will own the rest of the combined company, which plans to seek a secondary listing in London. DS Smith said it would recommend shareholder to back the deal with International Paper, adding that it had recently received proposals from both International Paper and Mondi , but the U.S. company was now in a position to make a firm offer.

  • Investor's Business Daily

    Dow Jones Futures: Another Ugly Market Reversal; Nvidia Skids, Tesla Tumbles On 'Dark Day'

    Mideast fears and surging yields triggered another ugly market reversal. Nvidia and Microsoft fell while Tesla dived.

  • Reuters

    Amundi to get 26% stake in Victory in exchange for US business

    Amundi, Europe's largest asset manager, said on Tuesday it had agreed to sell its U.S. business to Victory Capital in exchange for a 26% stake in the U.S. company. Amundi said there was no cash payment involved in the deal. "The proposed transaction with Victory Capital is a unique opportunity to strengthen our presence in the U.S., while becoming a strategic shareholder in a reputable U.S.-based asset management firm with an excellent track record of growth," said Amundi CEO Valerie Baudson.