Deals

Mondi Weighs Deal for $7 Billion Packaging Rival DS Smith

Tie-up would be one of the largest U.K. deals so far this year
Pandemic e-commerce boom boosts demand for cardboard boxes

Operations At A U.S. Postal Service Processing And Distribution Center — Photographer: Andrew Harrer/Bloomberg

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By Dinesh Nair, Ruth David, and Kiel Porter

February 24, 2021 at 7:13 PM UTC

Updated on

February 25, 2021 at 8:45 AM UTC

This article is for subscribers only.

Mondi Plc, the packaging and paper group, is exploring a potential takeover of British rival DS Smith Plc, according to people familiar with the matter.

Mondi has been speaking with advisers as it considers the merits of a possible transaction, the people said, asking not to be identified because the discussions are private. DS Smith shares rose as much as 14% in London trading, boosting its market value to more than 5.7 billion pounds ($8.1 billion).