Smurfit undervalued by International Paper

The share price today is pricing in only a small chance of a deal

6th June, 2018
Smurfit Kappa chief executive Tony Smurfit

There's still time for the impasse between packaging firm Smurfit Kappa and suitor International Paper to break — but investors are bracing for the three-month stand-off to end with no deal. Recriminations will fly, but Smurfit's resistance is defensible.

In late March, International Paper outlined a potential cash-and-stock offer worth €8.8 billion based on its then share price. It wanted the Irish company's agreement before making a formal bid and later ruled out making a...

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

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 9 months ago

The Daily Briefing

The Daily Briefing