2nd UPDATE: DS Smith To Acquire France's Otor In Europe Push
7th Jul 2010 11:26
(Adds bookbuild result.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Packaging company DS Smith PLC (SMDS.LN) said Wednesday it has put in an offer to acquire a French peer from Carlyle Group LP for EUR247 million, in a deal that would bolster its share of the European ma
Read moreDS Smith Places 39.3M Shares Of 10p Each At 120p/Placing Share
7th Jul 2010 11:19
LONDON (Dow Jones)--DS Smith PLC (SMDS.LN), a supplier of corrugated and plastic packaging, and paper, said Wednesday that it placed a total of 39,296,253 new ordinary shares of 10 pence each in the company at a price of 120 pence per placing share. MAIN FACTS: -Based on the placing price, t
Read moreCORRECT: DS Smith To Acquire France's Otor In Europe Push
7th Jul 2010 10:36
("=UPDATE: DS Smith To Acquire France's Otor In Europe Push," published at 0920 GMT, misstated the executive's name in the second paragraph and throughout. The correct version follows:) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Packaging company DS Smith PLC (SMDS.LN) s
Read moreUK SMALLCAP ROUNDUP: DS Smith To Acquire France's Otor
7th Jul 2010 09:30
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DS SMITH PLC (SMDS.LN) Wednesday said it agreed to acquire a French packaging business from Carlyle Group LP for EUR247 million to bolster its presence in co
Read moreDS Smith in big French acquisition
7th Jul 2010 07:52
Paper and plastic packaging firm DS Smith is to buy Otor, a corrugated packaging company based in France. The Otor Group has a complicated structure, consisting of Otor SA, which is listed on the NYSE Alternext Paris bourse, and Otor Finance, a holding company for the Carlyle Group which owns 94.75
Read moreDS Smith To Acquire France's Otor To Boost European Ops
7th Jul 2010 07:28
LONDON (Dow Jones)--Packaging company DS Smith PLC (SMDS.LN) Wednesday said it agreed to acquire a French packaging business from Carlyle Group LP for EUR247 million to bolster its presence in continental Europe. The purchase of Otor SA, a recycled corrugated packaging manufacturer, will provide
Read moreSmith (Ds) Plc Acquisition -2-
7th Jul 2010 07:00
will necessarily match or exceed the historical or published earnings of DS Smith. The ordinary shares referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended and may not be offered, sold or transferred, directly or indirectly, w
Read moreSmith (Ds) Plc Acquisition -3-
7th Jul 2010 07:00
synergies which the Board envisage can be extracted from the combination of the two businesses. Increased manufacturing competitiveness The Board believes that combining DS Smith's and Otor's corrugated packaging operations in France will enable the Enlarged Group to be highly competitive through i
Read moreSmith (Ds) Plc Acquisition -4-
7th Jul 2010 07:00
protections afforded to clients of J.P. Morgan plc nor for providing advice in relation to the Proposed Acquisition or any matters set out in this announcement. This announcement contains (or may contain) certain forward-looking statements with respect to certain of DS Smith's current expectations
Read moreSmith (Ds) Plc Acquisition
7th Jul 2010 07:00
TIDMSMDS RNS Number : 9422O Smith (DS) PLC 07 July 2010 ? DS Smith Plc ("DS Smith" or the "Company") Proposed Acquisition of the Otor Group ("Otor") for EUR247 million The Board of DS Smith announces today that it has submitted a binding offer for the proposed acquisit
Read moreMARKET TALK: UBS Raises DS Smith Price Target
25th Jun 2010 07:26
0626 GMT [Dow Jones] UBS raises DS Smith (SMDS.LN) price target to 155p from 145p following the company's robust 2H update. Notes free cash flow was strong, while the company's outlook was encouraging. Sees potential for acquisitions/organic growth as well as divestments as the group has a strong ba
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
25th Jun 2010 07:26
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0626 GMT [Dow Jones] UBS raises DS Smith (SMDS.LN) price target to 155p from 145p following the company's robust 2H update. N
Read moreFriday tips round-up: Petrofac, DS Smith, Micro Focus
25th Jun 2010 06:55
The big bet for Petrofac this year is on Turkmenistan. The oil and gas services company is already seen by the market as a safe haven while fallout from BP's disaster in the Gulf of Mexico buffets oil stocks. Its share price-earnings ratio is set to be about 17 times this year dropping to 14 next.
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read moreUK SMALLCAP ROUNDUP: Skyepharma Slides On New Flutiform Blow
24th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SKYEPHARMA PLC (SKP.LN) shares fell to a new low Thursday after the drug developer said its hopes of launching asthma treatment Flutiform in the U.S. wer
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