International Paper Ends Smurfit Pursuit

International Paper Ends Smurfit Pursuit

June 13, 2018 Off By Sebastian Reisig

IP confirmed before a Wednesday deadline and after a report from Bloomberg News that it won’t make a formal bid. Smurfit rejected the earlier proposals as too low, and said on Wednesday it has “superior prospects” by remaining independent. Smurfit shares rose 3.4 percent.