Smith (DS) Share Price (SMDS)

Surprisingly, at market open, IP declined marginally, less than DS Smith.

IP: Despite the revenue increase, earnings are down significantly, possibly due to the fire at the Mexico plant and the winter freeze (I did not look into the details, hopefully that's the sole cause of drop in earnings). The quarterly presentation mentions the acquisition of Smith and the offer coming in at 415p based on the SP and exchange rate on the day prior to the announcement. I hope the board of directors in DS Smith had a look at the Q1 financial results and are comfortable with the headwind in IP before advising the shareholders to team up with IP rather than Mondi. DS Smith has a tough decision to make.

It came out about an hour ago which caused a sharp sell off here to 329p. Figures from IP don’t look great at all.

At what time will International Paper publish their trading update? Was it expected for today?

Alessandro, opinions make markets, I'll check back in a years time and we'll see how it turns out. As an aside, I do hope those who take and hold IP make a profit, that success will cost me nothing (except a bit of regret!) IMO my money will be better deployed elsewhere...

GLA