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.
Join | Print Page | Contact Us | Sign In
News & Press: Members in the News

Smurfit Kappa’s Unwanted Suitor Signals Limited Patience

Monday, May 14, 2018   (0 Comments)
Posted by: Alyce Ryan
Share |

Smurfit Kappa’s unwanted suitor, International Paper (IP), has signalled that it has limited appetite to continue to pursue the Irish company if it continues to resist engaging on the possibility of a tie-up. 

Management at IP have “suggested that uncertainty around a prospective transaction was unlikely to drag out”, analysts at Toronto-based BMO Capital Markets said in a note to clients following a recent visit to the Memphis-based group. They added that the “questions around deal status are unlikely to be an issue when second-quarter results are reported”.

Read Full Article