Hints and tips:
...WestRock, formed in 2015 through the merger of MeadWestvaco and RockTenn, did not immediately respond to a request for comment....
...The US industry has consolidated, with the RockTenn/MeadWestvaco deal announced in January. Transatlantic consolidation could make sense for an industry that has struggled with overcapacity....
...MeadWestvaco and RockTenn agreed to merge on Monday to form a packaging company with a combined equity value of $16bn....
...We should hope for more deals like RockTenn/MWV. Don’t count on it. Email the Lex team at lex@ft.com...
...Moreover, the latest sector consolidation, evident in the merger of RockTenn and MeadWestvaco of the US, should help to cut capacity and underpin pricing....
...Among the biggest deals that the bank has yet to be paid for are Heinz’s Kraft deal, which will create a $115bn consumer products giant, RockTenn’s $21bn packaging merger with MeadWestvaco and Pfizer’s $17bn...
...The activist investor has had some success with its recent agitation, with victories including Staples buying Office Depot for $6.3bn and MeadWestvaco and RockTenn agreeing a $16bn packaging sector merger...
...The merger announcement comes the week after Yahoo decided to spin off its $40bn stake in Alibaba and the packaging companies MeadWestvaco and RockTenn agreed a $16bn packaging sector merger, both plans...
...Its campaigns led Yahoo, the US search company, to spin off its $40bn stake in China’s ecommerce giant Alibaba, the packaging companies MeadWestvaco and RockTenn to combine in a $16bn merger, and US stationery...
...(FT) Packaging companies wrapped up RockTenn and MeadWestvaco agreed to merge and form a $16bn company ....
...In its place, the fund holds shares including the Spanish bank BBVA, Lloyds, and a packaging firm called RockTenn....
...In 2011, RockTenn agreed to buy Smurfit-Stone for $3.5bn and International Paper bought Temple-Inland for $3.7bn....
...The crucial events were RockTenn’s $3.5bn acquisition of Smurfit-Stone in January of last year and International Papers’s $3.7bn buyout of Temple-Inland....
...And IP’s offer is all cash, unlike RockTenn’s. Why did Temple’s management reject the offer, and throw in a poison pill to boot?...
...Estimated savings are realistic given RockTenn’s past success in digesting acquisitions....
...Mr McGann welcomed the successful sale of its US namesake Smurfit-Stone to smaller US rival RockTenn for $3.5bn in cash and stock, seven months after it emerged from bankruptcy....
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