(Reuters) - Britain's Mondi reached an agreement in principle for an all-share offer to buy smaller rival DS Smith on Thursday to create a paper and packaging giant worth more than 10 billion pounds in market value.
The terms of the combination represent an implied value of 373 pence per DS Smith share with Mondi shareholders owning 54% of the enlarged Mondi group.
(Reporting by Yadarisa Shabong, Eva Mathews and Richard Rohan Francis in Bengaluru; Editing by Sherry Jacob-Phillips)
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