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Smurfit Kappa, led by Tony Smurfit, rejected two bids from Memphis-based IP this year – in February and March – for failing to capture the group’s “intrinsic” business value and prospects. Photograph: Luke MacGregor/Bloomberg

The Irish Takeover Panel is set to slap a 12-month ban on International Paper (IP) making another approach for Smurfit Kappa, after the US group backe(...)

Anthony Smurfit, chief executive  of Smurfit Kappa, and Liam O’Mahony, chairman, at the company’s AGM

Shares in Smurfit Kappa slid by as much as 7.5 per cent in London on Monday as hopes faded that its unwanted US suitor would make a third takeover pro(...)

A forklift collects recycled cardboard from a delivery truck at the Townsend Hook paper mill, operated by the Smurfitt Kappa Group, near Maidstone, England. Photograph: Luke MacGregor/Bloomberg

Tony Smurfit knew where he needed to go almost three years ago, when the board of Smurfit Kappa offered him the position of chief executive in Ireland(...)

Smurfit Kappa Group, led by Tony Smurfit, grandson of its founder, pledged to proceed with its own plan, outlined last month, to invest €1.6bn over the next four years in expanding its business and buying smaller rivals. File photograph: Brenda Fitzsimons

Shares in paper packaging giant Smurfit Kappa are set to rise again on Wednesday after it emerged that US rival International Paper’s rejected bid for(...)