Smurfit likely to attract renewed bid from US firm

Smurfit Kappa will likely in time attract a renewed offer from International Paper after the Irish firm resisted its takeover offer last year, broker Cantor Fitzgerald has predicted.

Analyst Darren McKinley said there was a “high probability” that International Paper will renew its offer sometime after June — the earliest date that, under stock market rules, the US firm can relaunch any offer for Smurfit.