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?

10th June, 2018
Tony Smurfit, chief executive of Smurfit Kappa

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.

Tony Smurfit, chief...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 5 months ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Insight Todd G Buchholz 6 months ago

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 6 months ago