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15 Jan 2021 | 09:03

DS Smith falls as Merpas sells shares in placing

(Sharecast News) - DS Smith fell on Friday after Merpas sold shares in the packaging company in an accelerated bookbuild. According to traders, a total of 26.1m shares were sold, or 2% of the company's issued capital, with 21m sold by Merpas and the rest placed by UBS as a hedge. The shares were understood to have been placed at 390p each.

UBS acted as sole bookrunner.

At 0915 GMT, DS Smith shares were down 3.3% at 392.10p.
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