Takeover talk pushes Smurfit Kappa shares to record high

Smurfit Kappa shares surged to a record high last week, as it was linked as a takeover

target for rival International Paper.

Shares in Smurfit spiked midweek after reports in the British media emerged about a

possible deal that would create one of the world’s biggest paper and packaging

giants. The speculation was also fuelled by comments from influential analysts at the

investment bank Citigroup, who said a combination of the two firms ...