Smurfit Kappa shares slump as investors to own 50.4% of group after WestRock merger

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 98%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Irish group’s CEO Tony Smurfit to lead merged group, which will be known as Smurfit WestRock

Smurfit Kappa’s shares slumped on Tuesday as investors digested news that they end up with 50.4 per cent of a $20 billion-plus merged group it has agreed to create with US peer WestRock.

The Dublin-based company said that the deal would see WestRock investors receive the equivalent of $43.51 per share, mainly by way of new stock in the enlarged group, to be known as Smurfit WestRock, but also including $5 in cash. The price marks a premium to the $31.88 level at which WestRock shares closed last Wednesday, before news of the tie-up talks emerged.READ MORE

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR

France Dernières Nouvelles, France Actualités