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Pin to quick picksMondi Share News (MNDI)

Share Price Information for Mondi (MNDI)

London Stock Exchange
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Share Price: 1,584.50
Bid: 1,583.50
Ask: 1,584.50
Change: -19.50 (-1.22%)
Spread: 1.00 (0.063%)
Open: 1,598.50
High: 1,603.50
Low: 1,581.50
Prev. Close: 1,604.00
MNDI Live PriceLast checked at -

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DS Smith extends Mondi offer deadline by two weeks

Thu, 04th Apr 2024 07:52

(Sharecast News) - DS Smith, the packaging group at the centre of a a bidding war between UK-listed Mondi and US firm International Paper, has extended the so-called 'put up or shut up' deadline for the former to make a firm offer.

DS Smith and Mondi had reached an in-principle agreement on the key financial terms of a possible takeover on 7 March, valuing DS Smith at £5.14bn.

Then on 26 March, DS Smith announced that it had received a £5.72bn offer from International Paper, and was said to be "progressing its discussions" regarding a deal. International Paper has until 23 April to make a firm offer.

Mondi had until the close of play on Thursday to announce a firm intention to make an offer, but this deadline has now been extended to 23 April.

DS Smith said it was continuing discussions with both suitors but that there was no certainty that a firm offer would be made by either party.

More News
19 Apr 2024 12:08

DS Smith tumbles as Mondi abandons pursuit

(Sharecast News) - DS Smith tanked on Friday after Mondi said it would not be making an offer for the rival packaging group, clearing the path for a takeover by International Paper.

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16 Apr 2024 16:56

LONDON MARKET CLOSE: Stocks down on fears on Fed, Iran-Israel tensions

(Alliance News) - Stock prices in London closed down on Tuesday, as investors showed concern over rising geopolitical tensions between Iran and Israel, while hopes of three US Federal Reserve interest rate cuts this year continue to fade.

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16 Apr 2024 12:05

LONDON MARKET MIDDAY: Shares sold-off on interest rate, conflict worry

(Alliance News) - European equities were sharply lower heading into Tuesday afternoon, on US interest rate concerns and mixed data from China, while tensions in the Middle East continue to simmer.

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16 Apr 2024 09:02

LONDON MARKET OPEN: Global tensions, US rate worries weigh on shares

(Alliance News) - Stock prices in London opened lower on Tuesday, with nearly all of the FTSE 100 in the red, as investors fret over US interest rate worries and simmering global tensions.

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16 Apr 2024 08:48

TOP NEWS: DS Smith agrees all-share takeover by International Paper

(Alliance News) - DS Smith PLC on Tuesday accepted an takeover approach from International Paper Co as the tussle for the FTSE 100 listed firm took another turn.

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16 Apr 2024 08:43

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

International Paper tables formal offer

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16 Apr 2024 07:55

LONDON BRIEFING: DS Smith backs International Paper takeover

(Alliance News) - London's FTSE 100 has been called to open lower on Tuesday, following declines for Asian equities and a sizeable drop for US tech shares overnight.

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15 Apr 2024 09:49

LONDON BROKER RATINGS: UBS raises Crest Nicholson; Stifel cuts CRH

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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15 Apr 2024 07:49

LONDON BRIEFING: Mitie unveils buyback; Inchcape sells UK retail arm

(Alliance News) - London's FTSE 100 is set to open lower on Monday, in a risk-off start to the week following an escalation in the conflict in the Middle East, with lingering US interest rate worries also hurting enthusiasm.

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8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

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8 Apr 2024 13:51

PRESS: International Paper bid for DS Smith could come this week — Sky

(Alliance News) - International Paper Co is closing in on a formal GBP5 billion-plus bid for DS Smith PLC, the FTSE 100 paper and packaging group, Sky News reported on Monday.

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4 Apr 2024 14:56

International Paper to seek London listing if it inks deal with DS Smith

IP sees at least $514 mln of pre-tax cost savings

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4 Apr 2024 13:33

International Paper to seek secondary London listing if DS Smith deal goes ahead

(Sharecast News) - International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.

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4 Apr 2024 12:45

TOP NEWS: International Paper targets big savings from DS Smith deal

(Alliance News) - International Paper Co on Thursday said a merger with DS Smith PLC could generate cost savings of more than GBP400 million should a deal proceed.

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4 Apr 2024 10:12

DS Smith extends deadline for takeover offer by Mondi

(Alliance News) - DS Smith PLC on Thursday said that an extension had been agreed for its potential takeover by Mondi PLC, though the company still holds a more lucrative offer from International Paper.

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