Hints and tips:
...Smurfit WestRock expects to be the world’s largest packaging company by revenues in packaging, surpassing International Paper....
...And the best souvenirs I’ve brought home are knick-knacks from a store in Stockholm called Svenskt Tenn....
...Here, the (fairly complex) structure will ensure that MWV shareholders hold the slight majority of the company....
...Returns at Finland’s UPM and Stora Enso, for example, trail the Irish company by 20 percentage points or more this year....
...The merged company will have estimated synergies of about $300m that it hopes to achieve over three years, according to the two companies’ calculations....
...Yet several of the largest manufacturers of cardboard and boxes – including International Paper, Rock-Tenn, and Kapstone – have recently announced plans to take price increases, expected to be about $50...
...It is a further sign of consolidation in the industry after Rock-Tenn agreed to buy Smurfit-Stone Container for $4.5bn this year, turning that company into North America’s second-biggest container board...
...The combined company would control a third of the North American containerboard market, enough to create efficiencies, but not so much that antitrust regulators will not consider it....
...On top of the purchase price, Rock-Tenn will also assume $1.8bn in Smurfit debt and pension liabilities....
...What is more, the company it is buying is already far leaner than the one that entered bankruptcy almost two years ago....
...The move, which will triple Rock Tenn’s revenue to $9bn, sent the company’s shares up 3.7 per cent to $59.55. Smurfit-Stone was up 27.2 per cent to $35 on the news, which was announced on Sunday....
International Edition