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(...)