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Smurfit Kappa’s Unwanted Suitor Signals Limited Patience

Monday, May 14, 2018   (0 Comments)
Posted by: Alyce Ryan
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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”.

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