Smurfit takeover deal on track

THE High Court yesterday approved an application by Jefferson Smurfit Group plc to reduce share capital by 10 million 30 cent ordinary shares to facilitate a 3.4bn takeover deal by Madison Dearborn Partners.

Wed, 28 Aug, 2002 - 01:00

Ray Managh

Mr Justice Peter Kelly also approved of next Tuesday, September 3, as the closing date for the deal.

The move clears the way for a 200m-plus windfall for Smurfit boss Dr Michael Smurfit.

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Courts Place: Madison Person: Peter Kelly Person: Michael Smurfit Person: Kevin Anderson Person: Kelly Person: Anderson Person: Bill Shipsey Person: Shipsey Organisation: Smurfit Organisation: High Court Organisation: Jefferson Smurfit Group Plc Organisation: Madison Dearborn Partners

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