Smurfit Kappa Rejects Revised International Paper Bid
Smurfit Kappa said that it received a revised bid from International Paper on Thursday last, 22 March, which would see Smurfit Kappa shareholders receive €25.25 in cash and 0.3028 new shares of International Paper common stock for each Smurfit Kappa ordinary share held.
This is approximately 3% higher than the previous bid made by International Paper on 6 March, which was valued at around €8.6 billion.
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