Netherlands-based Paper Excellence will argue in arbitration over its attempted takeover of Brazil's Eldorado Brasil Celulose SA that surging pulp prices played a big part in Eldorado's owners canceling the deal, according to documents and two people with knowledge of the matter.
Smurfit Kappa chief executive Tony Smurfit has said he was "surprised" that the Government did not give the box-maker any sign of support when it was fighting an unwanted bid from a US rival earlier this year.
