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...In the industry’s first big consolidation, Irish group Smurfit Kappa last September agreed a $20bn tie-up with US rival WestRock....
...International Paper had been the biggest listed company in the sector by sales until Irish group Smurfit Kappa agreed a $20bn tie-up with US group WestRock in September last year.After enjoying a boom during...
...WestRock shares gained 4 per cent in in New York....
...While momentum is building, deals in the $1bn-$5bn territory are going to be the mainstay of the bigger-end of the market,” said JPMorgan’s co-head of M&A for Emea, Dwayne Lysaght....
...Take a break from the news Alexia Niedzielski is a fashion entrepreneur who co-founded System magazine....
...Dwayne Lysaght, JPMorgan Chase’s co-head of M&A for Europe, the Middle East and Africa, said: “It’s hard to see any one big driver for a slew of upcoming M&A....
...Telegraph bid (FT) Citigroup seeks deal for small-bank platform after loan requests top $1bn (FT) CBI in merger talks with Make UK (FT) BAT sells Russian business to local management (FT) Smurfit Kappa/WestRock...
...Citigroup’s co-head of industrials Niraj Shah is leaving to join PJT Partners, Bloomberg reports....
...Just click the link in our show notes to learn how to vote for my awesome co-workers and their excellent work....
...Letter in response to this article: Online shopping delivery is getting out of hand / From Catherine Lau, Longmont, CO, US...
...When WestRock’s acquired its packaging rival Kapstone, it paid 11.3 times operating earnings before usual deductions....
...Gerard Moore, equity analyst at Investec in Dublin, said a January deal in which packaging company WestRock acquired Kapstone was carried out at a multiple of 11.3 times earnings before interest, tax, depreciation...
...Investec analysts say that if IPC put the same value on Smurfit as Westrock put on its US rival Kapstone in January, IPC would be offering €43 a share. This time, the King may be wrong....
...Separately, Bank of America Merrill Lynch also named Chris Munro co-head of global leveraged finance, alongside Sarang Gadkari....
...The exchange has been wooing co-operatives, 65 of which have joined....
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