WestRock in Talks With Smurfit Kappa Over $20 Billion Paper Merger. The Stock Is Rising.

WestRock is in merger talks with Ireland’s Smurfit Kappa that could potentially create a paper and packaging company worth about $20 billion.

Dublin-based Smurfit , listed in Ireland and on the U.K.’s benchmark FTSE 100 index, confirmed the talks in a statement Thursday after it was first reported by The Wall Street Journal. The combined group would only be listed in New York. WestRock shareholders would “primarily” receive stock in the combined group, but no further details were given by Smurfit.The discussions are still taking place and the transaction may not happen, the company said.

International Paper abandoned a bid for Smurfit Kappa in 2018, and since then Smurfit has made several acquisitions. WestRock’s biggest transaction to date was the $5 billion acquisition of KapStone Paper and Packaging in 2018.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

WSJ News Exclusive | Paper Companies Near Big Merger DealWestRock, Smurfit Kappa are in talks to create a company with combined value of roughly $20 billion.
La source: WSJ - 🏆 98. / 63 Lire la suite »

Stocks to Watch Thursday: Apple, WestRock, GameStop↘️ Apple (AAPL): Apple shares traded down about 2.6% premarket, building on Wednesday's declines, as investors continued to assess the implications of [China’s ban on iPhone use for government officials](https://www.wsj.com/world/china/china-ban
La source: WSJ - 🏆 98. / 63 Lire la suite »

These Stocks Are Moving the Most Today: C3.ai, GameStop, UiPath, ChargePoint, Yext, BlackBerry, WestRock, and MoreC3.ai withdraws its forecast that it would reach profitability on an adjusted basis by the end of fiscal 2024, GameStop reports a narrower-than-expected...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »