International Paper scraps €8.9bn takeover bid for Smurfit Kappa

International Paper has scrapped plans for an €8.9bn takeover offer for Dublin-headquartered packaging giant Smurfit Kappa, blaming a lack of engagement from its board.

International Paper scraps €8.9bn takeover bid for Smurfit Kappa

International Paper has scrapped plans for an €8.9bn takeover offer for Dublin-headquartered packaging giant Smurfit Kappa, blaming a lack of engagement from its board.

US-listed International Paper confirmed it was walking away from a potential deal months after putting forward a sweetened bid to its rival.

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