Smurfit bid rival drops out

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The Independent Online
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Smurfit bid rival drops out

Jefferson Smurfit is in the driving seat with its £58m takeover bid for Les Papeteries du Limousin with Emin Leydier withdrawing its rival offer Smurfit's bid is pitched at Fr500 a share, against the Fr450 that Emin offered The French stock exchange authorities have also approved Smurfit's bid

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