Subject to the completion of the SEC's review process of the International Paper proxy statement, the business said it expects to post its scheme documentation to shareholders in the near term. Worth £5.8bn, the terms of the all-share combination deal were initially agreed in April and followed weeks of activity between the two companies. The boards of DS Smith and Mondi had already reached an agreement in principle on the key financial terms of a possible all-share offer by Mondi for DS Smith in March, but Mondi pulled out of the takeover race shortly after the International Paper offer was made public. DS Smith's share price was down 0.28% on yesterday's close to 471.09p at the time of writing at lunchtime today. It reached a 52-week high of 483p last week while its 52-week low was 260.50p. Separately, new research from DS Smith has revealed that products wrapped in excessive plastic and packaging that isn't recyclable are among Brits' biggest supermarket packaging gripes.