Smurfit Kappa CEO says company open to takeover; International Paper looking at making bid - report
Tony Smurfit, the incoming CEO of the listed Irish paper and packaging group Smurfit Kappa, has said the group is open to a takeover bid if it is in shareholders' interest.
An item in the Irish Independent on Sunday cited Smurfit as saying he would “act accordingly” if Smurfit Kappa received an offer that its board of directors deemed acceptable.
The item noted that Tony Smurfit will become CEO after the incumbent CEO Gary McGann leaves at the end of August.
The report cited unspecified rumours noting that Tennessee-based, US-listed International Paper is looking at making a EUR 8bn bid for Smurfit Kappa.
Sourced from business section of print copy: page 1
Irish Independent on Sunday