The Jefferson Smurfit Group has confirmed that it has received an approach from unnamed third party that may lead to a take-over bid. The company is one of the biggest players in the global paper and packaging industry.
No names are being mentioned at the moment but market commentators believe an outright bid for 100% of the company would cost in the region of €4bn. This based on a 30% premium to their market capitalisation.
One name being mentioned is the US based International Paper Company, the largest paper company in the world.
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