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Smurfit Kappa at drinktec last year. Photo: Smurfit Kappa.

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’.

Picture: Dilyuns Michael

Shaka Tea unveils new look, closes second round of financing

By Elaine Watson

Honolulu-based Shaka Tea - the first Hawaiian ready-to-drink iced tea, and the first brewed with māmaki, a plant that only grows in the Hawaiian islands – has unveiled a new look, reformulated its wares to reduce sugar, and closed its second round of...

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