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BRIEF-International Paper Confirms It Has Submitted Proposal To Acquire Smurfit Kappa??

Tue, 06th Mar 2018 18:36

March 6 (Reuters) - International Paper Co:

* CONFIRMS IT HAS SUBMITTED PROPOSAL TO ACQUIRE ENTIREISSUED ANDTO BE ISSUED SHARE CAPITAL OF SMURFIT KAPPA??

* UNDER TERMS, SMURFIT KAPPA SHAREHOLDERS ENTITLED TORECEIVE 22EUROS IN CASH AND 0.3028 NEW CO SHARES FOR EACH SMURFIT KAPPASHARE

* "NOTES THE COMMENTS THAT SMURFIT KAPPA BELIEVES THEPROPOSAL ISHIGHLY OPPORTUNISTIC"Source text for Eikon:Further company coverage:

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