How likely is IP to acquire a European packaging leader?

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Deal or no deal? In 20 days, Memphis-based International Paper Co. (IP) will either make a binding offer for Dublin-based Smurfit Kappa Group PLC or move on. But, as of right now, the acquisition seems unlikely. Yesterday, the Irish Takeover Panel — a statutory body responsible for monitoring and supervising takeovers and transactions relevant to companies in Ireland — announced IP had until 7 a.m. Wednesday, June 6, to decide whether or not it would announce an offer to acquire Smurfit Kappa.…
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How likely is IP to acquire a European packaging leader?

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