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Smurfit Kappa’s Board Unanimously Rejects Revised Proposal from International Paper

Company says that revised proposal from International Paper fails to reflect Smurfit Kappa’s intrinsic value, track record.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The Board of Smurfit Kappa announced that it received a revised proposal from International Paper Company on March 22, 2018. Under the terms of the revised proposal, Smurfit Kappa shareholders would receive €25.25 in cash (which would be reduced to €24.605 after payment of the final dividend of 64.5 cent recommended on Feb. 7, 2018 and to be paid on May 11, 2018, and 0.3028 new shares of International Paper common stock for each Smurfit Kappa ordinary share held by them.    Based on Internatio...

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