DS Smith shares jump 7% after International Paper buyout proposal

The logo DS Smith is pictured inside the carboard box manufacturing company DS Smith Packaging Atlantique in La Chevroliere·Reuters
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(Reuters) - Shares in DS Smith opened 7.7% higher on Wednesday after the company said it is in talks with International Paper over an all-stock offer from its U.S.-listed rival.

The offer values the British paper and packaging firm at $7.2 billion.

(Reporting by Danilo Masoni; Editing by Amanda Cooper)

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