Deals
US Bidder Eyes Secondary London Listing in Battle for DS Smith
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International Paper Co. said it will consider a secondary listing in London if it succeeds in winning the battle to buy UK rival DS Smith Plc for £5.7 billion ($7.2 billion).
The US packaging company, whose primary listing is in New York, gatecrashed a proposed £5.1 billion takeover of DS Smith by Mondi Plc, another British rival, last month. Its latest move will be seen as an attempt to try win over UK-based investors who would rather own London-listed shares.