Jefferson Smurfit used its last results as a public company to warn
that the weakening US dollar would hit demand for European and
Latin American cardboard box production, as sales of manufactured
goods into the US become less competitive.
Irish packaging group Jefferson Smurfit is set for takeover by a US
private equity group following shareholder approval of the bid
earlier this week. The acquisition comes as the company announced a
decline in pre-tx profits for the...
Jefferson Smurfit has said that the potential second bidder has
withdrawn its offer for the Irish paper and packaging company,
clearing the way for Madison Dearborn Partners to seal its €3.7
billion buy-out.
The latest twist in the on-going sale of Irish packaging company
Jefferson Smurfit is that private equity firm Texas Pacific has
confirmed that it is considering a counter bid for the group -
according to a report in the Independent.
Jefferson Smurfit's US associate company will have to pay around
€126 million on its pulp mills in order for them to comply with
tough new environmental standards expected to take effect shortly.
Anglo American declined to comment on recent press reports claiming
its wholly-owned paper packaging unit, Mondi, is to bid for
Jefferson Smurfit Group.
Jefferson Smurfit, the Dublin-based paper and packaging group,
could become the centre of a takeover battle after a last minute
approach from David Bonderman, chairman of the low-cost carrier
Ryanair and chief executive of the investment...
One of three Jefferson Smurfit non-executive directors appointed by
the board to give an impartial assessment of a takeover offer
backed by management fails to meet the guidelines set by Ireland's
corporate governance watchdog.
Irish-based international paper and packaging giant Jefferson
Smurfit Group (JS) has announced that it has received a bid
approach from US private equity firm Madison Dearborn Partners.
A poor performance from one of its US subsidiaries dragged down
first-quarter profits at Jefferson Smurfit, the Irish paper and
packaging business at the centre of a bid from a US private equity
house.
A US-based private equity firm is thought to be in talks to buy
Irish paper and packaging group Jefferson Smurfit, according to
sources close to the deal.
