Following the withdrawal of Mondi from the contest to acquire DS Smith, the IP/SMDS gross spread to the deal turned negative (from +10%). Comparables trade at a median 7.1x vs. SMDS at 6.3x.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.