MONDY vs. WRK: Which Stock Is the Better Value Option?
(Bloomberg) -- International Paper Co.’s all-stock offer to buy DS Smith Plc has taken a hit in value after the recent selloff in the US-based suitor’s shares, and is now worth less than an earlier proposal by rival bidder Mondi Plc.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases
(Bloomberg) -- International Paper Co. agreed to buy DS Smith Plc for £5.8 billion ($7.2 billion), besting rival suitor Mondi Plc in the battle for the UK packaging company.Most Read from BloombergUS Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapChina Tells Iran Cooperation Will Last After Attack on IsraelBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROIIMF Steps Up Its Warning to US Over Spending and Ballooning DebtDubai Grinds to Standstill as Cloud