Smurfit Kappa shares soar after takeover approach

Smurfit Kappa shares soar after takeover approach
Smurfit Kappa says prospects better as an independent company

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

Shares in box 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.

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