Smurfit Kappa And WestRock Announce Merger, Creating A Paper And Packaging Behemoth Valued At Nearly $20B: WSJ
Portfolio Pulse from Benzinga Newsdesk
Smurfit Kappa and WestRock Coffee have announced a merger, creating a paper and packaging giant valued at nearly $20B. WestRock shareholders will receive one new Smurfit WestRock share and $5.00 in cash, equivalent to $43.51 a share.
September 12, 2023 | 7:24 am
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POSITIVE IMPACT
Smurfit Kappa is merging with WestRock Coffee, potentially increasing its market share and value.
The merger with WestRock Coffee could potentially increase Smurfit Kappa's market share and value, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
WestRock Coffee is merging with Smurfit Kappa, and its shareholders will receive one new Smurfit WestRock share and $5.00 in cash, equivalent to $43.51 a share.
The merger with Smurfit Kappa and the resulting share and cash distribution could potentially increase the value for WestRock Coffee's shareholders, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100