US rival 'eyes €8.1bn bid' for Smurfit Kappa
Gerard "Gary" McGann, chief executive officer of Smurfit Kappa Group Plc (Simon Dawson/Bloomberg via Getty Images)
US-based International Paper is considering an €8.1bn takeover of Dublin-listed Smurfit Kappa, according to weekend media reports.
Tennessee-based International Paper is "believed to be exploring a bid" for Smurfit Kappa at €36 a share, according to at least one report. International Paper is reported to have hired Deutsche Bank to help with the bid.
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