Comment: Smurfit holds firm

Smurfit Kappa’s top brass held their nerve in the face of falling share prices last week to press the button on the company’s return to the stock exchange.

17th March, 2007

Smurfit Kappa’s top brass held their nerve in the face of falling share prices last week to press the button on the company’s return to the stock exchange.

Fund managers could have been forgiven for feeling like characters in a Shakespeare play, given the careful choreography that preceded the event. But they duly delivered their lines right on cue, by snapping up the stock at the asking price of €16.50,which itself...

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