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-stone container corporation was a global paperboard and paper-based packaging company based in creve coeur, missouri, and chicago, illinois, with approximately 21,000 employees. International paper company ip was spurned yet again when its sweetened bid to take over ireland-based smurfit kappa was rejected by the european rival this is the second unsolicited offer.
Europe’s largest cardboard-box maker smurfit kappa has rejected an unsolicited cash and shares offer from international paper of the us, describing the approach as “fundamentally. Smurfit kappa has rejected a second bid from international paper of the us as the world’s biggest paper company by sales presses europe’s largest cardboard box maker to enter takeover talks.
Shares in paper and packaging company smurfit kappa fell today after it said it had rejected a revised offer from us company international paper. Irish packaging group smurfit kappa has rejected an unsolicited bid approach from us-based international paper co.
International paper co shares rose after the company’s sweetened 89 billion-euro ($11 billion) takeover bid for smurfit kappa group plc was rejected by the irish packaging company. Dublin (reuters) - ireland’s smurfit kappa (skgi) rejected a raised takeover offer from international paper (ipn) on monday, frustrating a bid to combine the largest listed us paper.
Official site of smurfit kappa, a world leader in paper-based packaging.
The smurfit kappa group plc is europe's leading corrugated packaging company and one of the leading paper-based packaging companies in the world it is listed on the london stock exchange.