Smurfit’s silence eventually sees off a Paper tiger
US giant walks away from bid to take over Smurfit Kappa, after stalking it for two years. What happened?
And so, with the meekest of whimpers, ends what would have been the largest-ever takeover of an Irish company . . . and not in the way many expected it to go. Smurfit Kappa easily saw off its bigger rival International Paper after four months of pretty much staying silent and letting the process wind its way through to a conclusion last week that saw the US company pack its bags and walk away empty-handed.
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