Materials Company Smurfit Kappa Group Announces Merger With WestRock
Portfolio Pulse from Benzinga Insights
Smurfit Kappa Group (OTC:SMFKY) has announced a merger with WestRock (NYSE:WRK) expected to be completed in Q2 of 2024. The deal involves Smurfit Kappa Group giving WestRock $20.00 billion in cash & stock in exchange for WRK stock.
September 12, 2023 | 3:10 pm
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Smurfit Kappa Group is merging with WestRock, a deal involving $20.00 billion in cash & stock. The merger is expected to be completed in Q2 2024.
The merger with WestRock is a significant event for Smurfit Kappa Group. Given the size of the deal ($20.00 billion), it's likely to have a substantial impact on the company's operations and financials. This could potentially lead to a positive reaction in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
WestRock is merging with Smurfit Kappa Group, a deal involving $20.00 billion in cash & stock. The merger is expected to be completed in Q2 2024.
The merger with Smurfit Kappa Group is a significant event for WestRock. Given the size of the deal ($20.00 billion), it's likely to have a substantial impact on the company's operations and financials. This could potentially lead to a positive reaction in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100