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FTSE 100 firm rejects takeover approach by US rival
Thursday 08 Mar 2018 Author: Tom Sieber

The packaging space is in a buoyant mood after a takeover approach for Smurfit Kappa (SKG) from US rival International Paper.

While there were no details on the value of the approach, the news was taken as positive for Smurfit and UK-listed peers like Mondi (MNDI) and DS Smith (SMDS).

Smurfit’s board has rejected the approach on the basis the valuation is not up to the mark. (TS)

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