Smurfit Kappa Earnings Soar As It Fights Off International Paper Interest
Smurfit Kappa's first quarter earnings soared 22% which the Irish packaging group said on Friday should translate into a 'materially better' full year outcome as it fights off interest from US rival International Paper.
Smurfit Kappa frustrated a bid to combine the largest listed US paper packaging firm with Europe's biggest when it rejected a raised takeover offer in March, arguing it was better served pursuing its future as an independent company.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!