This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
Irish packaging company Smurfit Kappa Group Plc rejected a sweetened 8.9 billion euro ($11 billion) takeover bid from International Paper Co., testing the U.S. suitor’s resolve as the industry gains from a boom in online shopping deliveries.
Smurfit’s board unanimously spurned a revised offer of 37.54 euros per share, according to a statement Monday, adding that International Paper’s original offer was for 36.46 euros per share.
Print Page
Email to a Friend
