International Paper Supports Irish Takeover Panel Timeline
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UPDATE: Smurfit Kappa Board Continues to Believe Best Interests of Stakeholders are served by Future as Independent Company
May 16, 2018 10:03 AM EDT(Updated - May 16, 2018 10:04 AM EDT)
The Board of Smurfit Kappa Group plc (Smurfit Kappa or the Group), notes the announcement made earlier today by the Irish Takeover Panel, setting, at the request of Smurfit Kappa, a deadline of 7am on 6 June 2018 by which time International Paper Company (International Paper) (NYSE: IP) must either announce an offer for Smurfit Kappa under Rule 2.5 of the Irish Takeover Rules or announce that it will not proceed with an offer for Smurfit Kappa. Smurfit Kappa welcomes the certainty this provides for the Group and... More
