Playing hard to get: Smurfit Kappa
International Paper has been courting Smurfit Kappa with a €9 billion takeover attempt, but the financially buoyant Irish packaging giant is under no pressure to sell. Several rejected advances later, IP clearly still wants a deal
In a windowless room in a plush hotel in Ballsbridge, the annual general meeting of the packaging giant Smurfit Kappa was wrapped up in barely half an hour. It was a sizeable enough attendance for a pre-bank holiday Friday morning.
There was just one question to the board, from a shareholder who wants the company to sign up to a living wage initiative for its employees. Forewarned by chairman Liam O’Mahony, the company ...
