Smurfits independent directors said they had not received other approaches.
Madisons offer for the Irish packaging group was accepted by the independent directors and remains open until 6 August.
Have your say in the Printweek Poll
Related stories
Latest comments
"Thank you for the opportunity to comment on this Jo, and PrintWeek!
Please feel free to get in touch with the Howden Print Team to arrange your own Free of Charge Cyber Micro-Penetration Test to help..."
"I never quite understand the statements such as "achieved such a positive outcome for this well-established business".
The established business unfortunately failed and no longer exists, a..."
"Genuinely sorry to read this."
Up next...
Protocols being strengthened
Software Circle hit by suspected payment fraud
'Precision and reliability'
EBB sets up new publishing wing
Continued investment
Bakers ups BakPac capacity with double Galaxy Packtech install
"Committed to building a stronger Stora Enso"