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DS Smith PLC (SMDS.L)

SMDS.L on London Stock Exchange

369.40GBp
13 Sep 2019
Change (% chg)

9.20 (+2.55%)
Prev Close
360.20
Open
357.80
Day's High
369.70
Day's Low
357.50
Volume
5,184,653
Avg. Vol
5,178,567
52-wk High
493.20
52-wk Low
285.83

Latest Key Developments (Source: Significant Developments)

UK's CMA Opens Consultation On Liqui-Box Undertakings To Address Concerns Over DS Smith Deal
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - UK's CMA::OPENED CONSULTATION ON UNDERTAKINGS PROPOSED BY LIQUI-BOX TO ADDRESS CONCERNS OVER DEAL FOR DS SMITH'S FLEXIBLE PLASTIC PACKAGING UNIT.  Full Article

DS Smith Affirms Financial View, Plastics Unit Disposal On Track
Tuesday, 3 Sep 2019 

Sept 3 (Reuters) - DS Smith PLC ::CONTINUE TO EXPECT COMPLETION OF DISPOSAL OF PLASTICS DIVISION BEFORE END OF THIS CALENDAR YEAR.EXPECTATIONS FOR OVERALL FINANCIAL PERFORMANCE REMAIN UNCHANGED.VOLATILITY IN MACRO-ECONOMIC ENVIRONMENT AND INPUT COSTS REMAINS.CONSTRUCTION OF GREENFIELD PACKAGING PLANT IN INDIANA IS FULLY ON TRACK.  Full Article

Uk's CMA Says Might Accept Remedy For Liqui-Box-DS Smith Deal
Friday, 2 Aug 2019 

Aug 2 (Reuters) - DS Smith PLC ::UK'S CMA - UPDATES ON PROPOSED ACQUISITION BY LIQUI-BOX CORPORATION OF RIGID AND FLEXIBLE PACKAGING BUSINESS OF DS SMITH.UK'S CMA - ON 19 JULY, CMA ANNOUNCED THAT IT IS OR MAY BE CASE THAT MERGER HAS RESULTED OR MAY RESULT IN A SUBSTANTIAL LESSENING OF COMPETITION.UK'S CMA - ON 26 JULY 2019, LIQUI-BOX INC. OFFERED UNDERTAKINGS TO CMA.UK'S CMA - CONSIDERED UNDERTAKINGS OFFERED, GROUNDS FOR BELIEVING UNDERTAKING OFFERED MIGHT BE ACCEPTED BY CMA TO REMEDY LESSENING OF COMPETITION.UK'S CMA - NOW HAS UNTIL 30 SEPTEMBER 2019 TO DECIDE WHETHER TO ACCEPT UNDERTAKING.  Full Article

British watchdog concerned over Liqui-Box's proposed takeover of DS Smith unit
Friday, 19 Jul 2019 

July 19 (Reuters) - DS Smith PLC ::COMPETITION AND MARKETS AUTHORITY (CMA) HAS BEEN INVESTIGATING LIQUI-BOX'S PROPOSED TAKEOVER OF DS SMITH'S RIGID AND FLEXIBLE PACKAGING BUSINESS.UK'S CMA - HAS BEEN INVESTIGATING LIQUI-BOX'S PROPOSED TAKEOVER OF DS SMITH'S RIGID AND FLEXIBLE PACKAGING BUSINESS.AS PART OF ITS INITIAL, PHASE 1, INVESTIGATION CMA FOUND THAT LIQUI-BOX AND DS SMITH ARE 2 OF 4 MAIN COMPANIES IN UK, OFFERING A SPECIALIST TYPE OF PACKAGING CALLED BAG-IN BOX TO FOOD, WINE, DAIRY AND DRINK SUPPLIERS.IF DEAL IS ALLOWED TO GO AHEAD AS PLANNED, CMA IS CONCERNED IT COULD CREATE INSUFFICIENT COMPETITION IN SUPPLY OF THESE PRODUCTS.CMA IS ALSO CONCERNED THAT REDUCTION IN COMPETITION COULD LEAD TO LOWER QUALITY PRODUCTS AND/OR A POORER SERVICE.IF MERGING BUSINESSES ARE UNABLE TO ADDRESS CMA'S CONCERNS, DEAL WILL BE REFERRED FOR AN IN-DEPTH PHASE 2 INVESTIGATION TO BE CARRIED OUT BY A GROUP OF INDEPENDENT CMA PANEL MEMBERS.  Full Article

UK's CMA Launches Investigation Into DS Smith/Liqui-Box Deal
Friday, 24 May 2019 

May 24 (Reuters) - UK'S Competition and Markets Authority::INVESTIGATING ANTICIPATED ACQUISITION OF DS SMITH FLEXIBLE AND RIGID PLASTIC PACKAGING BUSINESS BY LIQUI-BOX INC.CONSIDERING IF DS SMITH/LIQUI-BOX DEAL WILL RESULT IN CREATION OF RELEVANT MERGER SITUATION UNDER MERGER PROVISIONS OF ENTERPRISE ACT 2002.CONSIDERING IF DS SMITH/LIQUI-BOX DEAL MAY SUBSTANTIALLY LESSEN COMPETITION IN ANY MARKET OR MARKETS IN UK FOR GOODS OR SERVICES.  Full Article

DS Smith Sells Two Packaging Businesses To Meet European Commission Commitment
Wednesday, 17 Apr 2019 

April 17 (Reuters) - DS Smith PLC ::SMITH (DS) PLC - DISPOSAL.DS SMITH PLC - SALE OF TWO PACKAGING BUSINESSES TO MEET EUROPEAN COMMISSION COMMITMENT.DS SMITH PLC - DEAL FOR EUR 63 MILLION.  Full Article

DS Smith To Sell Plastics Division For $585 Mln
Wednesday, 6 Mar 2019 

March 6 (Reuters) - DS Smith PLC ::SALE OF PLASTICS DIVISION AND TRADING UPDATE.PROPOSED DEAL FOR $585 MILLION.EXPECT NET CASH PROCEEDS AFTER TAXATION, TRANSACTION ADJUSTMENTS AND EXPENSES OF APPROXIMATELY £400MILLION..REACHED AGREEMENT TO SELL PLASTICS DIVISION TO OLYMPUS PARTNERS.US BUSINESS CONTINUES TO PERFORM WELL WITH STRONG MARGINS AND RETURNS AHEAD OF ACQUISITION CASE.SALE IS EXPECTED TO RESULT IN A SUBSTANTIAL EXCEPTIONAL GAIN AND BE MARGINALLY EPS DILUTIVE.IN PERIOD SINCE 1 NOVEMBER 2018, TRADING HAS CONTINUED TO BE STRONG, IN LINE WITH OUR EXPECTATIONS.CHRISTMAS PERIOD ESPECIALLY BUSY FOR E-COMMERCE FOCUSSED CUSTOMERS WITH SECTOR LEADING OFFERING SUPPORTING CUSTOMERS.IN US BUSINESS, GROUP MARGINS ARE EXPECTED TO PROGRESS FURTHER IN SECOND HALF OF FINANCIAL YEAR.CASH PROCEEDS EXPECTED TO BE USED TO REDUCE FINANCIAL GEARING OF CO, IN LINE WITH MEDIUM-TERM TARGET OF NET DEBT/EBITDA AT OR BELOW 2.0X.  Full Article

Regulator To Suspend Trading On Europac Shares Until Exclusion From Trading
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Papeles y Cartones de Europa ::MARKET REGULATOR CNMV TO SUSPEND TRADING ON SHARES OF PAPELES Y CARTONES DE EUROPA WITH EFFECT FROM MARKET CLOSE ON FEB. 6.SUSPENSION WILL REMAIN EFFECTIVE UNTIL EXCLUSION FROM TRADING OF SHARES OF EUROPAC.  Full Article

DS Smith Says Conditions To Purchase Remaining Europac Shares Have Been Met
Friday, 25 Jan 2019 

Jan 25 (Reuters) - DS Smith PLC ::SMITH (DS) PLC - DS SMITH - EUROPAC OFFER UPDATE.DS SMITH PLC - CONDITIONS FOR DS SMITH PURCHASING REMAINING SHARES ON A COMPULSORY BASIS HAVE BEEN MET.DS SMITH - EXPECTS TO ACQUIRE OUTSTANDING 1.17% OF SHARE CAPITAL AND FOR EUROPAC TO BE DE-LISTED FROM SPANISH STOCK EXCHANGES BY END OF FEBRUARY 2019.  Full Article

DS Smith Sets Squeeze Out Date For Europac To Feb. 15
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - DS Smith Plc ::SETS SQUEEZE OUT DATE FOR EUROPAC <<>> TO FEB. 15.  Full Article

UPDATE 1-Packager DS Smith says stocking up on spare parts ahead of Brexit

June 13 Packaging products maker DS Smith Plc said on Thursday that it had made plans for contingency stocking of spare parts as it readies for Britain's planned exit from the European Union, but expected disruption to its operations to be "relatively contained".