Tony Smurfit, CEO Smurfit Kappa Group Plc. Photograph: Luke MacGregor/Bloomberg via Getty

Just weeks after US packaging group International Paper (IP) decided last June to abandon its pursuit of Smurfit Kappa, it landed upon another buying (...)

The New York Stock Exchange  in New York on Friday. The S&P 500 and  Dow Jones Industrial Average were largely flat on the day. Photograph: Michael Nagle/Bloomberg

Global stocks ended August much as they began the month – under the dark cloud of a potentially worsening trade war. Poor sentiment over trade hit s(...)

Smurfit’s board rejected two offers from International Paper, saying that the US company undervalued the Irish business, despite pressure from large shareholders including British asset manager Janus Henderson. which owns 4.3 per cent of the group.

Packaging manufacturer Smurfit Kappa is borrowing €600 million from investors through a bond issue to pay for its purchase of Dutch rival Reparenco. (...)

The chances of US group International Paper wrapping up a takeover deal with Smurfit Kappa are fading, as both sides maintain a standoff days before a bid deadline. Photograph: Luke MacGregor/Bloomberg

The chances of US group International Paper (IP) wrapping up a takeover deal with Smurfit Kappa are fading, as both sides maintain a standoff days bef(...)

Mark Sutton, chairman and chief executive officer of International Paper:  was backed by 55 per cent of shareholders against proposal an egm be held if holders of at least 10 per cent of its stock sought one. Photograph: Andrew Harrer/Bloomberg

International Paper (IP) successfully defeated a pesky investor proposal at its recent annual general meeting that the company should lower the thresh(...)

Ardagh Group chairman  Paul Coulson ventured into the riskiest area of the bond markets this week, raising $350 million through the sale of payment-in-kind notes. Photograph: Alan Betson

You’ve got to hand it to Paul Coulson and how he can play international debt markets. The Dublin financier’s glass and metal containers group, Ardagh(...)