logo
Plus   Neg
Share
Email

DS Smith´s Offer To Buyout Packaging Operations In France Accepted By SCA

Global hygiene and paper company SCA (SVCBY.PK) Wednesday announced that it has accepted the formal offer from D S Smith to acquire the packaging operations in France.

The company revealed that it had signed a sale and purchase agreement with D S Smith, after having consultations with the appropriate works councils.

SCA further added that, following the signing of the sale and purchase agreement between the two parties, the process will continue towards completing the entire transaction, which includes review of relevant competition authorities.

SCA expects that the transaction would be concluded during the second quarter of 2012.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A $716 billion defense policy bill easily cleared the Senate on Monday, although the legislation must still be reconciled with the version previously approved by the House. The Senate voted 85 to 10 in favor of the National Defense Authorization Act, which authorizes U.S. military spending for fiscal 2019. Voip-Pal.com Inc. has filed a lawsuit against Amazon Inc., accusing Alexa's calling and messaging services of infringing its patents. The lawsuit, filed by Voip-Pal in the U.S. District Court in Nevada, accuses Amazon's Alexa calling and messaging system of using Voip-Pal's patented technologies to direct voice/video calls and voice messages to both Amazon subscribers and non-subscribers. Canada is a step closer to becoming the first G-7 nation to legalize marijuana nationwide after the House of Commons voted to allow recreational use. The bill will now go back to the country's Senate, which had already approved a version of the bill. On Monday, the House of Commons voted 205 to 82 in favor of the Bill C-45, known as the Cannabis Act.
Follow RTT