March 6, 2018 / 6:36 PM / in 8 months

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

March 6 (Reuters) - International Paper Co:

* CONFIRMS IT HAS SUBMITTED PROPOSAL TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF SMURFIT KAPPA‍​

* UNDER TERMS, SMURFIT KAPPA SHAREHOLDERS ENTITLED TO RECEIVE 22 EUROS IN CASH AND 0.3028 NEW CO SHARES FOR EACH SMURFIT KAPPA SHARE

* “NOTES THE COMMENTS THAT SMURFIT KAPPA BELIEVES THE PROPOSAL IS HIGHLY OPPORTUNISTIC” Source text for Eikon: Further company coverage:

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