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DS Smith PLC (SMDS.L)

SMDS.L on London Stock Exchange

356.20GBp
25 Jun 2019
Change (% chg)

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356.20
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Avg. Vol
5,505,842
52-wk High
516.20
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285.83

Latest Key Developments (Source: Significant Developments)

UK's CMA Launches Investigation Into DS Smith/Liqui-Box Deal
Friday, 24 May 2019 08:14am EDT 

May 24 (Reuters) - UK'S Competition and Markets Authority::INVESTIGATING ANTICIPATED ACQUISITION OF DS SMITH FLEXIBLE AND RIGID PLASTIC PACKAGING BUSINESS BY LIQUI-BOX INC.CONSIDERING IF DS SMITH/LIQUI-BOX DEAL WILL RESULT IN CREATION OF RELEVANT MERGER SITUATION UNDER MERGER PROVISIONS OF ENTERPRISE ACT 2002.CONSIDERING IF DS SMITH/LIQUI-BOX DEAL MAY SUBSTANTIALLY LESSEN COMPETITION IN ANY MARKET OR MARKETS IN UK FOR GOODS OR SERVICES.  Full Article

DS Smith Sells Two Packaging Businesses To Meet European Commission Commitment
Wednesday, 17 Apr 2019 02:00am EDT 

April 17 (Reuters) - DS Smith PLC ::SMITH (DS) PLC - DISPOSAL.DS SMITH PLC - SALE OF TWO PACKAGING BUSINESSES TO MEET EUROPEAN COMMISSION COMMITMENT.DS SMITH PLC - DEAL FOR EUR 63 MILLION.  Full Article

DS Smith To Sell Plastics Division For $585 Mln
Wednesday, 6 Mar 2019 02:01am EST 

March 6 (Reuters) - DS Smith PLC ::SALE OF PLASTICS DIVISION AND TRADING UPDATE.PROPOSED DEAL FOR $585 MILLION.EXPECT NET CASH PROCEEDS AFTER TAXATION, TRANSACTION ADJUSTMENTS AND EXPENSES OF APPROXIMATELY £400MILLION..REACHED AGREEMENT TO SELL PLASTICS DIVISION TO OLYMPUS PARTNERS.US BUSINESS CONTINUES TO PERFORM WELL WITH STRONG MARGINS AND RETURNS AHEAD OF ACQUISITION CASE.SALE IS EXPECTED TO RESULT IN A SUBSTANTIAL EXCEPTIONAL GAIN AND BE MARGINALLY EPS DILUTIVE.IN PERIOD SINCE 1 NOVEMBER 2018, TRADING HAS CONTINUED TO BE STRONG, IN LINE WITH OUR EXPECTATIONS.CHRISTMAS PERIOD ESPECIALLY BUSY FOR E-COMMERCE FOCUSSED CUSTOMERS WITH SECTOR LEADING OFFERING SUPPORTING CUSTOMERS.IN US BUSINESS, GROUP MARGINS ARE EXPECTED TO PROGRESS FURTHER IN SECOND HALF OF FINANCIAL YEAR.CASH PROCEEDS EXPECTED TO BE USED TO REDUCE FINANCIAL GEARING OF CO, IN LINE WITH MEDIUM-TERM TARGET OF NET DEBT/EBITDA AT OR BELOW 2.0X.  Full Article

Regulator To Suspend Trading On Europac Shares Until Exclusion From Trading
Tuesday, 5 Feb 2019 11:47am EST 

Feb 5 (Reuters) - Papeles y Cartones de Europa ::MARKET REGULATOR CNMV TO SUSPEND TRADING ON SHARES OF PAPELES Y CARTONES DE EUROPA WITH EFFECT FROM MARKET CLOSE ON FEB. 6.SUSPENSION WILL REMAIN EFFECTIVE UNTIL EXCLUSION FROM TRADING OF SHARES OF EUROPAC.  Full Article

DS Smith Says Conditions To Purchase Remaining Europac Shares Have Been Met
Friday, 25 Jan 2019 02:00am EST 

Jan 25 (Reuters) - DS Smith PLC ::SMITH (DS) PLC - DS SMITH - EUROPAC OFFER UPDATE.DS SMITH PLC - CONDITIONS FOR DS SMITH PURCHASING REMAINING SHARES ON A COMPULSORY BASIS HAVE BEEN MET.DS SMITH - EXPECTS TO ACQUIRE OUTSTANDING 1.17% OF SHARE CAPITAL AND FOR EUROPAC TO BE DE-LISTED FROM SPANISH STOCK EXCHANGES BY END OF FEBRUARY 2019.  Full Article

DS Smith Sets Squeeze Out Date For Europac To Feb. 15
Thursday, 24 Jan 2019 11:18am EST 

Jan 24 (Reuters) - DS Smith Plc ::SETS SQUEEZE OUT DATE FOR EUROPAC <<>> TO FEB. 15.  Full Article

Europac Appoints Miles Roberts As New Chairman
Thursday, 24 Jan 2019 10:55am EST 

Jan 24 (Reuters) - Europac ::CHAIRMAN JOSE MIGUEL ISIDRO RINCON RESIGNS.TO NAME MILES ROBERTS AS NEW CHAIRMAN.  Full Article

DS Smith Receives Acceptances Representing 98.8 Pct Of Europac's Total Share Capital
Thursday, 17 Jan 2019 07:56am EST 

Jan 17 (Reuters) - DS Smith PLC ::EUROPAC RESULT OF FINAL OFFER.FINAL CONDITION OF DS SMITH'S PROPOSED ACQUISITION OF EUROPAC HAS BEEN SATISFIED.NOTES BOARD OF SPANISH SECURITIES MARKET COMMISSION ANNOUNCED RESULT OF TENDER OFFER BY CO TO EUROPAC SHAREHOLDERS.ACCEPTANCES REPRESENTING 98.8% OF TOTAL SHARE CAPITAL OF EUROPAC HAVE BEEN RECEIVED BY DS SMITH.COMPLETION OF ACQUISITION EXPECTED TO TAKE PLACE AROUND 22 JANUARY.  Full Article

DS Smith Bid For Europac Accepted By 98.83 Pct Of Shares - CNMV
Thursday, 17 Jan 2019 07:39am EST 

Jan 17 (Reuters) - Comision Nacional del Mercado de Valores (CNMV)::DS SMITH <<>> BID FOR EUROPAC <<>> ACCEPTED BY 98.83 PERCENT OF SHARES TO WHICH BID WAS ADDRESSED.  Full Article

DS Smith Extends Acceptance Period For Europac Bid To Jan. 11
Thursday, 20 Dec 2018 04:03am EST 

Dec 20 (Reuters) - DS Smith ::EXTENDS ACCEPTANCE PERIOD FOR EUROPAC <<>> TO JAN. 11, 2019.  Full Article

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Packager DS Smith says stocking up on spare parts ahead of Brexit

Packaging products maker DS Smith Plc said on Thursday that it had made plans for contingency stocking of spare parts as it readies for Britain's planned exit from the European Union, but expected disruption to its operations to be "relatively contained".