International Paper's latest approach for Smurfit Kappa consists of EUR25.25 in cash and 0.3028 new International Paper shares, for a total value of EUR37.54 per Smurfit Kappa share. "International Paper Won't Make Hostile Smurfit Kappa Offer," at 0938GMT, incorrectly said International Paper's offer is worth EUR35.79 per share in total, in the fifth paragraph. The offer is worth EUR37.54 per share.

(END) Dow Jones Newswires

May 16, 2018 08:14 ET (12:14 GMT)

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