International Paper Buy of DS Smith Passes U.S. Antitrust Muster






 International Paper's pending $7 billion-plus deal to buy U.K. packaging peer DS Smith has cleared a key U.S. regulatory hurdle.

International Paper on Tuesday said the waiting period under the Hart-Scott-Rodino act has expired, removing any U.S. antitrust bar to the deal.

The Memphis, Tenn., company said the acquisition remains subject to other conditions, including European regulatory approval, but that it still expects to close the deal by the end of the year.

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