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Packaging giant Smurfit Kappa's shares fall 11% after WestRock merger announcement

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The companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world.

The companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world — run through a holding company incorporated and domiciled in Ireland.

WestRock shareholders will receive one Smurfit WestRock share and $5 cash, equivalent to $43.51 per share.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

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$20 Billion Paper Powerhouse to Be Formed by MergerSmurfit Kappa and WestRock said they reached a deal to merge. Tony Smurfit will be CEO of the combined company.
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