Jefferson Smurfit Group.Jefferson Smurfit Group (JSG JSG Joint Study Group (India and Pakistan) JSG Jain Social Group ), Dublin, Ireland has recommended acceptance of a takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares from Madison Dearborn Partners (MDP MDP Mot de Passe (French: Password) MDP Markov Decision Process (artificial intelligence) MDP Management Development Program MDP methylene diphosphonate MDP Millennium Democratic Party ), Chicago, Illinois, USA, a private equity firm bidding EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.15 (US$ 2.06) per share, plus one Smurfit-Stone Container Co. share for every 16 JSG shares held. JSG holds a 29.3% share of Smurfit-Stone. According to JSG, the deal gives shareholders a 38% premium over the market value of JSG shares (not including Smurfit-Stone Container), as of May 1. A competing bid for the company from Texas Pacific Corp. did not materialize. Smurfit-Stone Container Corp., Chicago, Illinois, USA, has engaged Morgan Stanley & Company Inc., as its financial adviser to assist its board of directors in evaluating potential strategic considerations in light of the announcement. |
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