Home News Industry News Smurfit deal deadlock as IP rules out hostile bid

Smurfit deal deadlock as IP rules out hostile bid

The deadlock between International Paper and Smurfit Kappa continued yesterday after the US giant ruled out a hostile takeover move and its Dublin-based target insisted the current bid remains too low relative to other mergers in the sector.

The standoff has left the market divided on whether International Paper will submit a third offer by the June 6 deadline set by the Irish Takeover Panel (ITP).

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Source: Independent.ie

 
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