By Elliot Gulliver-Needham International Paper Company has reached an agreement with UK rival DS Smith to acquire it for £5.8bn, beating out its competitor Mondi in the bidding war. Under the terms of the deal, DS Smith shareholders will receive 0.1285 International Paper shares. This will leave DS Smith shareholders owning around a third of the business. According to a statement from the company, the terms value the company at 415p a share based on March 25 prices. DS Smith currently sits at 400p a share. Last month, Mondi moved to make an offer for DS Smith, valuing the business for £5.1bn i…