![](https://www.paperfirst.info/wp-content/uploads/2024/03/PAPER-NEWS-INDUSTRY-76.jpg)
International Paper has indicated to DS Smith that it wants to launch a formal counterbid to surpass an agreed offer from Mondi Group.
If IP does proceed with a formal offer, it could set the stage for a multibillion-pound transatlantic bidding war for DS Smith.
source Brunton Business Publication Ltd
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