International Paper plans EMEA spin-off; private equity firms explore bids
- Reports
- 3
- Developments
- 2
- Repetition
- 33%
New informationRepeats or wire copies
What happened
International Paper announced plans to spin off its EMEA Packaging Business, which will be listed on the London Stock Exchange and via a Level II ADR on the New York Stock Exchange. The proposed independent company will be named DS Smith plc. Private equity firms Lone Star and Atlas Holdings are exploring separate, unsolicited bids for the business, though negotiations remain early stage and no sale is certain.
From finchannel.com, prnewswire.com
Why it matters
The planned separation of the EMEA business from International Paper involves a major corporate restructuring and potential sale of a large division. This process could unlock value for the company and increase market activity on both the London Stock Exchange and the New York Stock Exchange.
From finchannel.com
Who's involved
- International PaperAmerican pulp and paper company planning the spin-off of its EMEA business
- DS SmithBritish packaging company whose operations were acquired by International Paper
- Lone StarPrivate equity firm exploring unsolicited bids for the EMEA business
- AtlasPrivate equity firm exploring unsolicited bids for the EMEA business
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Lone StarSpeculative
Lone Star might see increased revenue if it successfully acquires the EMEA Packaging Business.
- AtlasSpeculative
Atlas Holdings might see increased revenue if it successfully acquires the EMEA Packaging Business.
- International PaperSpeculative
International Paper could see changes in its corporate costs and revenue structure following the separation of the EMEA business.
How it developed
Newest first. Tap a step to see who reported it.Private equity firms are exploring bids for the company's planned spinoff listing.1 source
International Paper announced plans for a spin-off listing on LSE and NYSE.1 source