Smurfits independent directors said they had not received other approaches.
Madisons offer for the Irish packaging group was accepted by the independent directors and remains open until 6 August.
Have your say in the Printweek Poll
Related stories
Latest comments
"Theft. Pure and simple!"
"I would hope (if we had any spaces) she'd be in prison for fraud / theft......"
"Oh dear, somebody is spending too much time in front of the mirror…"
Up next...
Mega industry deal
Epson to acquire Fiery
British etching master was 86
Royal Academy printmaker Norman Ackroyd dies
Improved capacity and flexibility
Amipak invests in second Bobst die-cutter
Expands flagship digital platform myKyana