Irish packaging company Smurfit Kappa Group Plc would be a “dream come true” for suitor International Paper Co., but there may be other predators waiting in the wings, according to the head of a smaller industry rival.
“I would expect other public companies with excess cash and lack of opportunities to make a bid,” said Cord Prinzhorn, when asked about the emergence of any competing offers for Smurfit from firms like Mondi Plc or Finland’s Stora Enso Oyj.
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