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  • Reuters

    UPDATE 2-DS Smith agrees $7.2 bln all-share deal with International Paper

    International Paper on Tuesday agreed to an all-share deal to buy DS Smith, valuing the British packaging firm at 5.8 billion pounds ($7.2 billion) and edging out a bid by Mondi. DS Smith said 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. The two suitors earlier had an April 23 deadline to make a firm offer or walk away.

  • 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

    PARIS (Reuters) -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. The move, aimed at boosting Amundi's access to the world's biggest financial market, will allow the French asset manager's clients to access a larger pool of products. In exchange, Victory Capital will be able to serve a greater number of clients inside and outside its home country, as the deal involves 15-year reciprocal distribution agreements.