International Paper Terminates Plan to Acquire Smurfit Kappa - Papermart
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International Paper Terminates Plan to Acquire Smurfit Kappa

According to Irish law the US company will be barred from making another attempt to buy Smurfit Kappa for 12 months.

June 6, 2018

International Paper Terminates Plan PM Vol19 No2 Jun Jul 2018
The decision comes after the American company made two takeover proposals in February and March, both of which were rejected by the Irish Smurfit Kappa Group.

The US based International Paper (IP) confirmed that it will not make an offer for Irish Smurfit Kappa Group, given the lack of engagement by Smurfit Kappa’s Board of Directors and Management.

In February 2018 International Paper, a global producer of renewable fiber-based packaging, pulp and paper products, provided representatives of Smurfit Kappa’s board of directors with a proposal to acquire the company.

According to Irish stock exchange regulations, IP will be barred from making another attempt to acquire Smurfit Kappa for 12 months.