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DS Smith Offers Antitrust Fixes To €2B SCA Purchase

Law360, New York (May 2, 2012, 3:56 PM EDT) -- DS Smith PLC has proposed concessions to Europe's antitrust authority, which is reviewing the company's proposed €1.7 billion ($2.2 billion) purchase of Svenska Cellulosa Aktiebolaget's packaging unit, the regulator said Wednesday.

With the company's commitments, which were offered April 30, the European Commission's deadline to complete the review is pushed back to May 25, according to the commission. Neither the commission nor the companies provided any further details on the proposed remedies.

U.K.-based DS Smith, which makes and supplies recycled plastic and corrugated packaging for consumer...
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