International Paper Mulls GBP6b Bid for Smurfit Kappa, Sky Says
2015-04-11 15:18:43.56 GMT
By Sarah Jones and Donal Griffin
(Bloomberg) -- International Paper being advised by
Deutsche Bank on possible bid for Smurfit, Sky News reports
without citing anyone.
* International Paper may offer ~EU36 per share: Sky
* No formal approach made to Smurfit’s board, bidder may not
pursue deal
* Melanie Farrell, a spokeswoman for Smurfit Kappa in Dublin,
didn’t immediately respond to phone calls, e-mails
requesting comment
* International Paper didn’t respond to request for comment:
Sky
* NOTE: Smurfit’s shares up ~11% this month; mkt value ~EU6.8b
* NOTE: Smurfit Kappa Would Be ‘Good Fit’ for Intl Paper:
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To contact the reporters on this story:
Sarah Jones in London at +44-20-3525-2419 or
sjones35@bloomberg.net;
Donal Griffin in Dublin at +353-1-523-9523 or
dgriffin10@bloomberg.net
To contact the editors responsible for this story:
Edward Evans at +44-20-3525-3190 or
eevans3@bloomberg.net
Andrew Reierson
2015-04-11 15:18:43.56 GMT
By Sarah Jones and Donal Griffin
(Bloomberg) -- International Paper being advised by
Deutsche Bank on possible bid for Smurfit, Sky News reports
without citing anyone.
* International Paper may offer ~EU36 per share: Sky
* No formal approach made to Smurfit’s board, bidder may not
pursue deal
* Melanie Farrell, a spokeswoman for Smurfit Kappa in Dublin,
didn’t immediately respond to phone calls, e-mails
requesting comment
* International Paper didn’t respond to request for comment:
Sky
* NOTE: Smurfit’s shares up ~11% this month; mkt value ~EU6.8b
* NOTE: Smurfit Kappa Would Be ‘Good Fit’ for Intl Paper:
Vertical
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Sarah Jones in London at +44-20-3525-2419 or
sjones35@bloomberg.net;
Donal Griffin in Dublin at +353-1-523-9523 or
dgriffin10@bloomberg.net
To contact the editors responsible for this story:
Edward Evans at +44-20-3525-3190 or
eevans3@bloomberg.net
Andrew Reierson