Archives for March 7, 2018

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Smurfit Kappa rejects International Paper buy-out

By Jenny Eagle

Smurfit Kappa has rejected a buy-out from International Paper Company (IP) because: ‘it fails to reflect the Group’s superior prospects as an independent business and represents a valuation multiple significantly below recent comparable transactions’.

Foremost Farms Michigan plant gains key state funding

By Mary Ellen Shoup

Foremost Farms received a $12m bond from the Michigan Strategic Fund (MSF) to support construction of a 55,000-square-foot dairy processing plant in west central Michigan, estimated to cost $57.9m.