Mondi Share Discussion Threads

[lyceeuk] 16/4/2024 07:32

Watch mondi share price now

[scepticalinvestor] 16/4/2024 07:22

Mondi lost the bidDS BoD opting for US bidder

[moorsie2] 05/4/2024 15:29

Looks like the market is expecting Mondi now to have one last go to win SMDS

[enami] 04/4/2024 16:19

DS Smith announces that the Board of DS Smith has requested, and the Panel on Takeovers and Mergers (the "Panel") has consented to, a further extension to the Deadline until 5.00 p.m. (London time) on 23 April 2024. The Deadline may be extended further with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

[dexdringle] 04/4/2024 12:01

Ahhh, yes Clinton. I missed that. D'ohh !! 🙄

[clinton baptiste] 04/4/2024 09:40

MNDI is ex-div 39.981p today...

[dexdringle] 04/4/2024 09:17

.....which is why the share price has fallen 40p......

If they abandon this ridiculous takeover the Mondi share price will go straight to £14.50.

[moorsie2] 04/4/2024 08:26

Mondi are staying in the fight

[dexdringle] 27/3/2024 12:14

I meant an opportunity for shareholders to effectively 'walk away' from the deal with the board not being in a position to continue. The proposed purchase price was not in the interests of Mondi shareholders. It should have been 60:40.

I expect International Paper bid for DS Smith rather than Mondi because DS Smith was 'in play' and not necessarily because they thought it represented better value than Mondi.

[alotto] 27/3/2024 10:21

Lol and opportunity to walk away. As if Mondi was being forced to make an offer.
If International Paper made an offer for Smith and not Mondi, it's obvious they found Smith more attractive as a business.
Let's see how it plays out.

[dexdringle] 27/3/2024 09:47

Thank goodness. An opportunity has presented itself for us to walk away from what was a poor deal.

What a pity International Paper hasn't bid for Mondi instead.

[t-trader] 27/3/2024 08:46

Hope Mondi doesn’t come back with a counter bid, DS Smith starting to look very expensive now.

[enami] 27/3/2024 06:27

From the DS Smith RNS

In accordance with Rule 2.6(c) of the [Takeover} Code, Mondi is required, by not later than 5.00 p.m. on 4 April 2024, to either announce a firm intention to make an offer for DS Smith in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for DS Smith, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

[enami] 27/3/2024 06:20

This is on the SMDS newsfeed last night, nothing on Mondi newsfeed yet.



International Paper Confirms Proposal to Acquire DS Smith plc ("DS Smith")
International Paper Company ("International Paper") notes the recent announcement by DS Smith and confirms that it is in discussions with DS Smith regarding a Possible Offer.

International Paper confirms that it has made an all-equity proposal (the "Proposal") to acquire the entire issued share capital of DS Smith. Under the terms of the Proposal, DS Smith shareholders would receive 0.1285 shares in International Paper for each share they own in DS Smith resulting in DS Smith shareholders owning approximately 33.8 per cent. of the combined group. Based on the International Paper share price of $40.85 at close of business on 25 March 2024, the terms of the Proposal represent a value of 415 pence and premium of 48 per cent. to DS Smith's undisturbed share price on 7 February 2024 (being the day prior to the commencement of the offer period in respect of DS Smith) of 281 pence per DS Smith share.

[alotto] 23/3/2024 13:11

The share price fluctuations are not necessarily indicative of how good the deal is. Mondi and Smith have similar PBT and Mondi is taking the larger share of the merged entity. I own both smith and mondi and i see a ton of opportunities for shareholders of both sides.
Perhaps it will give scope for more acquisition. Smurfit Kappa may be next?!

[grahamg8] 23/3/2024 12:06

The share price movement seems to indicate it is a terrible deal for MNDI, and the SMDS shareholders are laughing all the way to the bank. Over a five year timescale the shares have kept a pretty close alignment. That is up until around 21 January. On a three month basis SMDS is up 11.93% and MNDI down 18.88% for a total gap of 30%. The Directors should be looking for a way to ditch the deal, or at least renegotiate the terms. Otherwise they may find it being rejected at an EGM.

[essentialinvestor] 20/3/2024 23:52

Just jeeping an eye on this for now.

The acquisition, if it completes, arguably raises the risk profile.

[alotto] 20/3/2024 19:53

Why the decline tho

[essentialinvestor] 20/3/2024 19:29

Some support around £13.15 type area.

[enami] 08/3/2024 12:56

Unfortunately the Mondi RNS does not appear in the ADVFN system.
Here are some of the details

The Boards of Mondi plc ("Mondi") and DS Smith Plc ("DS Smith") are pleased to announce that they have reached an agreement in principle on the key financial terms of a possible all share offer by Mondi for DS Smith, pursuant to which Mondi would acquire the entire issued and to be issued share capital of DS Smith (the "Combination").

Key Terms of the Combination

Mondi shareholders would own 54 per cent. and DS Smith shareholders would own 46 per cent. of the issued and to be issued share capital of Mondi;
Based on Mondi's closing share price of 1,381 pence per share on 7 February 2024 (being the day prior to the commencement of the offer period), the terms of the Combination would represent an implied value of 373 pence per DS Smith share and a premium of 33 per cent. to DS Smith's closing share price of 281 pence per share on 7 February 2024 (being the day prior to the commencement of the offer period);
Philip Yea would be Chair, Andrew King would be the Chief Executive Officer and Mike Powell would be the Chief Financial Officer of the enlarged Mondi Group; and
Three Non-Executive Directors of DS Smith are expected to join the enlarged Mondi Group Board.

[elsa7878] 08/3/2024 09:53

It's agreed in principle but they still haven't finished their due diligence. Hence the discount.

[nightspot] 08/3/2024 09:43

The offer was valued at 373 when Mondi share price was 1381. Mondi currently at 1350, so offer value is 368. Current price is 350. An oddly large discount I would have thought.

[clinton baptiste] 07/3/2024 20:01

As a shareholder of both companies I'm very happy with this proposed tie-up, especially as it will be under Mondi management - I think King and Powell have done a great job in the past few years (esp. extricating from Russia) under difficult circumstances. It looks like a fair deal to me.
And thanks to Mr. Roberts &c for doing the right thing for DS Smith shareholders as he rides off into the sunset.

Moorsie, thanks for your insight over the years.

[alotto] 07/3/2024 19:47

33% premium of a company (Smith) with a PE of barely 6. Of course you happily buy a company with a PE of 9 (6 +30% = 9). That's still cheap! Quite a deal for Mondi. Smith wouldn't pay 33% premium for Mondi. Mondi has a PE of 15, add the 33% premium you get it at a PE of 20! Not just as attractive. In fairness Mondi should pay more, possibly a 100% premium, valuing Smith DS at a PE of 12.

[dexdringle] 07/3/2024 19:05

Disastrous takeover. I'd much rather DS Smith were paying a 33% premium to buy Mondi.