Worth £5.8bn, the terms of the deal were initially agreed in April and followed weeks of activity between the two companies. The boards of London-headquartered 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 0.5% on Friday's close to 474.60p at the time of writing at lunchtime today.