Smurfit Kappa chair signals shareholders have backed merger with WestRock

Smurfit Kappa chairman Irial Finan has told shareholders of overwhelming investor support for its planned €23 billion merger with US peer WestRock. Supply Photograph.

Smurfit Kappa chairman Irial Finan informed shareholders that the company has received overwhelming support from investors for its planned $25 billion-plus merger with US peer WestRock The company required approval from investors holding at least 75 per cent of the Irish cardboard box-maker’s stock by value. Mr Finan told an extraordinary general meeting on Thursday that the company had received proxy votes from holders of more than 75 per cent of the stock and that 99 per cent of these backed the deal.The agreement to create Smurfit WestRock, the world’s largest cardboard box maker with about $34 billion of annual revenue was announced last September.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

WestRock to give more detail on merger to get $25bn Smurfit deal over lineSeveral shareholders allege documents on the deal omitted ‘material information’
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »

Business Today: WestRock to provide more detail, housing recommendations assessed and interview the Aldi's bossThe best news, analysis and comment from The Irish Times business desk
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »

See inside Michael Smurfit's former home at the K Club as it hits the marketThe stunning five-bedroom property overlooks a world-class gold course and boasts two professionally equipped gyms, an elegant wine cellar and a fully functioning bar
Herkunft: IrishMirror - 🏆 4. / 98 Weiterlesen »