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BUZZ-DS Smith top UK mid-cap as it announces Duropack buy

Reuters - UK Focus

** British packaging co DS Smith (Other OTC: DITHF - news) top FTSE 250 riser & up at near-yr highs as agrees to buy Vienna-based peer Duropack for about 300 mln euros

** Acquisition - subject to competition clearance & to be completed in Q2 - to immediately enhance EPS; DS Smith expect 12 mln euros synergies within 3 yrs; including synergies, DS Smith paying 5.7 times EBITDA

** Analysts at Jefferies expect mid-single digit consensus FY16 EPS upgrades

** Shares (Frankfurt: DI6.F - news) up 3 pct, taking its advance this yr to about 8 pct

** Co has lagged YTD respective gains from peers Mondi & Smurfit Kappa of 21 pct & 26 pct (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)