Smurfit Kappa shares soar after takeover approach

Smurfit said that the approach from International Paper was unsolicited, highly opportunistic and failed to recognise the company’s growth prospects

Smurfit Kappa says prospects better as an independent company

Shares inbox maker Smurfit Kappa have surged by 18 per cent this morning after the company said it had received a takeover approach from its US rival International Paper.

Smurfit said that the approach from International Paper was unsolicited, highly opportunistic and failed to recognise the company’s growth prospects.

“The board of Smurfit Kappa has carefully considered the proposal and believes it is in the best interests of the group’s shareholders and other ...