Streetbeat News

SMFKY

Smurfit Kappa Group Plc

http://www.smurfitkappa.com/

Industry

Paper (except Newsprint) Mills

Open

46.02

Mkt cap

25B

Volume

2.7K

High

46.02

P/E Ratio

14.54

52-wk high

55.50

Low

45.96

Div yield

0.03

52-wk low

30.66

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.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 3:10 pm

DraftKings apologizes for a controversial promotion on its app. MGM Resorts is dealing with a cybersecurity issue. WestRock is merging with Smurfit Kappa to create a sustainable packaging company. Moderna and Pfizer receive FDA approval for updated COVID-19 vaccines, while Novavax's vaccine is still awaiting approval. GlobalFoundries expands its presence in Singapore. Amazon invests in direct air capture climate technology. Acelyrin's izokibep fails to meet statistical significance in a study. UAW is in labor talks with General Motors, Ford, and Stellantis. Apple plans to sell 'Made in India' iPhone 15 on launch day. Arm Ltd is preparing for an IPO. Cadence Design Systems' CEO says semiconductor packaging is key to U.S. leadership in AI. UPS CEO pitches new labor contract.

Portfolio Pulse from Vandana Singh

September 12, 2023 | 2:32 pm

WestRock Company (NYSE:WRK) and Smurfit Kappa Group Plc (OTC:SMFKY) announced a merger to form Smurfit WestRock, a sustainable packaging company. WestRock shareholders will receive one new Smurfit WestRock share and $5.00 in cash for each share of common stock, equivalent to $43.51 per WestRock Share. The combined companies generated approximately $34 billion in adjusted annual revenue. The merger is expected to close in Q2 2024.

Portfolio Pulse from Shivani Kumaresan

September 12, 2023 | 10:23 am

WestRock's shares are trading higher following the confirmation of its merger with Smurfit Kappa.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 10:20 am

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.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:24 am

WestRock Co (NYSE:WRK) is reportedly close to merging with Europe's Smurfit Kappa Group (OTC: SMFKY), creating a global paper and packaging entity valued at around $20 billion. The merger comes as both companies face challenges amid weakening demand and declining prices in the containerboard market. The merged company would be incorporated and domiciled in Ireland, with its global headquarters in Dublin. If the merger is finalized, Smurfit WestRock's ordinary shares will be listed on the NYSE.

Portfolio Pulse from Vandana Singh

September 07, 2023 | 11:53 am

WestRock is reportedly nearing a deal to merge with Smurfit Kappa, according to sources. The details of the deal are not yet disclosed.

Portfolio Pulse from Charles Gross

September 06, 2023 | 9:17 pm

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