Smurfit: from prey to hunter

l Packaging giant is categorical it has received no takeover approach, and is itself on acquisition trail

Gary McGann, chief executive, Smurfit Kappa: the company’s first quarter results be announced shortlyPicture: Tony O’Shea

Smurfit Kappa bosses have moved to cool down frenzied speculation that the giant Irish packaging group is a takeover target.

Shares in the Dublin-headquartered company, which is now worth about €8 ...