Hints and tips:
...Mr Smurfit was previously joint deputy chairman of the Jefferson Smurfit group and is currently chairman of Powerflute Oyl, Eurolink Motorway Services and Cosmo Specialty Fibres....
...It is a further sign of consolidation in the industry after Rock-Tenn agreed to buy Smurfit-Stone Container for $4.5bn this year, turning that company into North America’s second-biggest container board...
...As with the RockTenn–Smurfit-Stone deal six months ago, an acquisition of Temple-Inland by International Paper will help bring stability to a cyclical paper and packaging industry that struggles with excess...
...That is what happened when RockTenn said it would buy Smurfit-Stone for $5bn, including assumed debt, to create America’s second-largest containerboard and corrugated packaging maker....
...Rock-Tenn Co, the US maker of packaging for food and consumer products, said on Sunday it had agreed to purchase Smurfit-Stone Container Corp for $3.5bm in cash and stock just seven months after Smurfit...
...In deal news, Rock Tenn , the paper and packaging manufacturer was up after agreeing to buy its bigger rival Smurfit-Stone Container for $3.5bn, creating North America’s second-largest paper container producer...
...There was a rash of high-profile bankruptcies in 2009, including retailers Eddie Bauer and Filene’s Basement; General Growth Properties, the shopping-mall operator; Smurfit-Stone Container, the packaging...
...Two other US manufacturers – Lyondell Chemical and Smurfit Stone – sold USD 1.5bn of exit loans last month with the same covenant-lite structures investors purportedly swore off for good just a few years...
...A year ago, Smurfit Kappa looked as if it might be another victim of the credit crunch....
...Investors must hope global supply discipline will hold – although America’s Smurfit Stone may be hungry for cash flow this year as it exits Chapter 11....
...Now cardboard box and packaging firm Smurfit-Stone Container Corp has warned that it could file for Chapter 11....
...Smurfit should surprise on the upside....
...Smurfit-Stone Container Corp bowed to the inevitable and filed for Chapter 11 bankruptcy protection....
...Smurfit Kappa has confirmed it is considering an IPO in 2007 in a deal that analysts say would value the paper and packaging company at between €4.5bn and €5.5bn....
...Most of the other inhabitants of the corporate junkyard are victims of highly leveraged takeovers, such as Jefferson Smurfit (now Jefferson Kappa), and others who couldn’t cope with a business downturn,...
...And that explains Jefferson Smurfit's callable PIKs....
...Jefferson Smurfit, the Irish packaging group, this week announced plans for a €670m bond issue to be used in part to pay a dividend to its shareholders....
...In the corporate market, Jefferson Smurfit, the Irish packaging group, announced a €670m bond to refinance existing debt and finance a return of capital to shareholders....
...Smurfit-Stone, a constituent of the Markit CDX HY since its inception, filed for Chapter 11 bankruptcy protection....
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