Hints and tips:
...The company, which rebuffed a €9bn takeover offer from International Paper in 2018, “could have been very comfortable, frankly, doing what we’re doing” but saw a “fantastic opportunity” in WestRock, Smurfit...
...Atlanta-based WestRock is in talks to merge with European rival Smurfit Kappa, in a deal that would create one of the world’s largest paper and packaging companies....
...Smurfit shareholders will own 50.4 per cent of the combined company, while WestRock shareholders will own 49.6 per cent....
...Tony Smurfit, chief executive, told the FT the WestRock merger preparations were proceeding and both companies would hold extraordinary shareholders’ meetings in mid-June, ahead of the expected completion...
...The combined company, to be named Smurfit WestRock, would have its global headquarters in Dublin and Americas operations based in Atlanta, Georgia, the Irish company said in a statement....
...Consider the tie-up between Ireland’s Smurfit Kappa and US-based WestRock, announced on Thursday. WestRock traces its origins to Smurfit-Stone, once part of the Smurfit group....
...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...
...Smurfit WestRock expects to be the world’s largest packaging company by revenues in packaging, surpassing International Paper....
...In the industry’s first big consolidation, Irish group Smurfit Kappa last September agreed a $20bn tie-up with US rival WestRock....
...For DS Smith shareholders the packaging may matter more than the paper when comparing competing efforts to buy the company....
...to New York, the latter as part of a merger with US rival WestRock....
...Last year, there were only two UK public company acquisitions that topped $5bn, according to data compiled by the London Stock Exchange Group....
...to create one of the largest paper and packaging companies in the world....
...CRH and Smurfit Kappa are both moving their main listing to the NYSE from London, the latter after a merger with US rival WestRock....
...€20bn merger with WestRock of the US....
...Earlier this month two of the world’s largest packaging companies, WestRock of the US and Ireland’s Smurfit Kappa, entered into a tie-up to create a global group worth almost $20bn....
...The combined company, to be named Smurfit WestRock, would have its global headquarters in Dublin and Americas operations based in Atlanta, Georgia....
...A handful of large post-summer deals has left some sensing a shift, including Cisco’s $28bn acquisition of US software maker Splunk and a $20bn tie-up between US packaging group WestRock and its Irish rival...
...News round-up Smurfit chief defends switching main listing to New York after WestRock deal (FT) Ari Emanuel’s martial arts group TKO eyes $1bn earnings as it lists in New York (FT) Ex-Credit Suisse banker...
...And earlier this month, two of the world’s largest packaging companies, WestRock and Smurfit Kappa, merged to create a global group. It’s worth almost $20bn....
...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...
...Europe’s paper-based packaging market remains far more fragmented than North America’s, where the top six companies, including International Paper and WestRock, control roughly 80 per cent of the market....
...At WestRock, retail and ecommerce account for just 14 per cent of the corrugated boxes business....
...Some companies are buying into these features. WestRock, for example, last year snapped up a business that provides “box on demand” systems, which produce packaging custom-sized to a specific item....
...When WestRock’s acquired its packaging rival Kapstone, it paid 11.3 times operating earnings before usual deductions....
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