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News & Press: Industry

International Paper’s Pursuit of Smurfit Kappa May Turn Hostile

Monday, April 2, 2018   (0 Comments)
Posted by: Alyce Ryan
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International Paper Co. isn’t likely to back down in its play for Irish packaging manufacturer Smurfit Kappa Group Plc and could go hostile, according to two analysts tracking the industry.

Smurfit on Monday rejected International Paper’s revised, unsolicited cash-and-stock offer of 37.54 euros per share as inadequate.

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