Madison is single Smurfit bidder

News by

18 July 2002

Madison Dearborn has been left as the sole bidder for Jefferson Smurfit after the second party in the running, believed to be US private equity group Texas Pacific, decided not to make an offer.

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.

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