According to Associated Press reports, Irish paper and packaging company Jefferson Smurfit Group PLC said it received an offer to be acquired by an identified party.
A press release from Jefferson Smurfit stated that a third party has approached the company. Discussions are preliminary, according to the release, and may not lead to an offer for all or part of the company. Further statements will be issued as appropriate.
At the close of trading today on the New York Stock Exchange, Smurfit (SJ) shares were up 15.40 percent, or $3.74, at $28.03. In afternoon trading on the Dublin Stock Exchange, Smurfit shares were up 16 percent, or 43 cents, at $2.710.
Smurfit is the world’s largest maker of container and liner board, with a 12 percent global market share. The company is also the largest container board producer in the U.S. through its 29.4 percent stake in Smurfit-Stone Container Corp.
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