DS Smith has received a takeover approach from Mondi, a rival UK paper specialist, in a deal that would create a European packaging giant with a value of more than £10bn (The Times £). Two of the biggest paper and packaging firms listed in London are the latest to be swept up by takeover fever (The Daily Mail). The Times’ Alistair Osborne writes: “Some potential tie-ups have long been on every bankers’ deal list. Take the packaging bunk-up between Mondi and DS Smith. It’s been talked about so much that one day it might actually happen. Has that £10bn moment finally arrived? Who yet knows but it’s already got further than a previous effort.” (The Times £) Unilever’s chief executive said he wa... [Read more]