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Company notes it represents a valuation multiple significantly below recent comparable transactions.
March 7, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Smurfit Kappa notes the announcement released on the evening of March 6, 2018 by International Paper Company setting out the price of the unsolicited and highly opportunistic proposal that was originally made to the Board of Smurfit Kappa on Feb. 23, 2018 and rejected in the Group’s announcement of March 6, 2018. The Board of Smurfit Kappa has already carefully considered, with its financial advisers, the proposal in detail and has unanimously rejected it on the basis that it fails entirely ...
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