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Sold about 25% of mine @ 34 as planning to hold SKG long-term but had target of around 33 to slice some off the top. Price is out in RNS this eve. from Intl. Paper who claim it amounts to €36.46 per share but only €22 of it is in cash and the rest in Intl. Paper shares...think it would be a lot more attractive with a larger cash component but still Smurfit board are facing it down... you would wonder what it would take for them to recommend... Obviously hostile approach from the tone of the Intl. Paper RNS. Either way, v. happy with getting €34 for a tranch of them and will buy back in if it drops back below €30 again in the event improved bid doesn't materialize... at least now we know what other people thing of SKG's potential/valuation.
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