Jefferson Smurfit (JJSC) and Stone (STO) To Merge?

STOCKTALK

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Non-Tech
Jefferson Smurfit (JJSC) and Stone (STO) To Merge?

An SI Board Since April 1998

Posts	SubjectMarks	Bans
18	0	0

Emcee: MonteChristo	Type: Unmoderated

Introduction Compact

Rumors are abound about the merger of two large packaging companies in the U.S. A newspaper in Ireland said that it is a "Done Deal". What will this mean for the future and/or potential of these stocks. Will this be good or bad for shareholders of JJSC, STO and JS?

Smurfit confirms talks with Stone Container

DUBLIN, April 28 (Reuters) - Irish paper and packaging group Jefferson Smurfit Group Plc on Tuesday confirmed that its 46.5 percent-owned associate JS Corp (JJSC - news) was in discussions with U.S. packaging manufacturer Stone Container (STO - news).

Smurfit said in a statement that JS Corp and Stone Container were engaged in discussions regarding ''a stock-for-stock business combination.''

It added: ''There can be no assurance that such discussions will continue or will result in any definitive agreement regarding such a business combination.''

Shares in Smurfit rose four percent on Monday to a fresh record high amid speculation about a deal in the U.S. which has been circulating in the Irish market since last week. Dealers had pinpointed Stone Container as the most likely partner in discussions.

By 1240 GMT on Tuesday the stock had risen two Irish pence from the open to 255p, five pence off Monday's record high.

Last week, Dermot Smurfit, the company's vice president of marketing and sales, said the situation of its U.S. unit remained ''fluid,'' but declined to go into any detail.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
18	Thanks Michael. Will see you there.	margaret foley	-	12/2/1998
17	Margaret: My comment will be on the new SSCC Board	Michael Stavy	-	11/29/1998
16	Thanks Michael. I do have a convertible and I think it went up a bit. I do n	margaret foley	-	11/25/1998
15	Jefferson Smurfit (JJSC) and Stone (STO)have Merged. This is the SI Board calle	Michael Stavy	-	11/23/1998
14	Yea, Count. I am still counting on a rise!	margaret foley	-	11/22/1998
13	Well the merger hasn't done much for the stock price now has it. I think it	MonteChristo	-	11/22/1998
12	Today they vote the merger with Jefferson-Smurfit.	margaret foley	-	11/17/1998
11	This is JP Morgan's predicted 12 month price for STO COM. JP Morgan is a w	Michael Stavy	-	11/17/1998
10	What do you think the price for the stock will be? Thanks.	margaret foley	-	11/15/1998
9	Some recent news about the merger. CHICAGO, Nov 13 (Reuter	Michael Stavy	-	11/14/1998
8	Wednesday October 14, 1:00 pm Eastern Time BLOCK TRADE - Stone Container 202,0	margaret foley	-	10/14/1998
7	Hi, Thanks for responding. I have no more news and hope to see some movemen	margaret foley	-	10/12/1998
6	I'm still here. Just got tired of talking to myself. Still holding JJSC. Wa	MonteChristo	-	10/12/1998
5	Some news on the merger: biz.yahoo.com Anybody out there?	margaret foley	-	10/12/1998
4	Sunday May 10, 5:10 pm Eastern Time Company Press Release Jefferson Smurfit Cor	MonteChristo	-	5/11/1998
3	Pretty good article from The Sunday Business Post (Ireland). sbpost.ie	MonteChristo	-	5/4/1998
2	Estimates have been made that they could save up to 500 million dollars through	MonteChristo	-	5/2/1998
1	Robinson Humpry's considered the merger good as will allow for consolidatio	ED_L	-	5/2/1998

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