WestRock Company Profile, Stock Price, News, Rankings

Samuel Shoemaker, WestRock’s president of consumer packaging, and Tom Stigers, WestRock’s president of mill operations, were also cited in securities filings as moving over to the new company. Common stockholders of WestRock will receive a share of the new company plus $5 in cash for each share they own, adding up to $43.5 per share based on yesterday’s closing price of Smurfit Kappa ordinary shares. Smurfit Kappa investors will receive one share of the new company for each share they own. Initial discussions about a Smurfit Westrock business combination date back to June 2019. Rounds of back-and-forth occurred for years, in addition to an offer from a private equity firm to purchase WestRock and a re-exploration of 2016 discussions regarding a transaction with another paper and packaging manufacturer.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.79%. Provides a general description of the business conducted by this company. 370 employees have rated WestRock Chief Executive Officer Steve Voorhees on Glassdoor.com.

WestRock (WRK) Stock Price, News & Analysis

To see all exchange delays and terms of use please see Barchart’s disclaimer. “Smurfit Westrock is going to conquer the world of sustainable, paper-based packaging,” said CEO Tony Smurfit before ringing the NYSE’s opening bell. The two companies’ combined revenue in the last fiscal year was $34 billion, and adjusted core profit was $5.5 billion. The new company, Smurfit WestRock, will be worth about $20 billion when listed. What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.76%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up…

Smurfit Westrock to Announce Second Quarter 2024 Financial Results on July 30, 2024

International Paper made a play for Smurfit Kappa twice in 2018, but the latter company rejected the proposals. u s eur link crossword clue, crossword solver Smurfit WestRock shares began trading on the New York Stock Exchange July 8; shares also began trading on the LSE. Smurfit Westrock executives rang the opening bell at the NYSE on Monday, their first full business day as the new company. The deal was valued at nearly $12.7 billion in late April, based on exchange rates at the time.

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other white label crypto trading platform paper-based packaging products in Ireland and internationally. Packaging company WestRock’s (WRK) shares soared by almost 7% in pre-market trading on Tuesday after a merger announcement with Dublin-based Smurfit Kappa to create the world’s largest listed paper and packaging company by revenue. The announcement kicked off a period of international megadeals between fiber packaging companies. London-based DS Smith in April agreed to be acquired by International Paper, after thwarting a proposed offer from Mondi. Weeks later, Brazilian pulp and paper company Suzano pursued International Paper, but discussions ended in June. Patrick Kivits, WestRock president of corrugated packaging, was slated to keep his position at the new company, but he announced his departure last month to become the new CEO at SEE, a position he assumed on July 1.

Smurfit Kappa and WestRock identified $750 million worth of businesses and assets to divest if necessary to achieve regulatory approval, but in the end no divestitures were required. Analysts had predicted early in the regulatory review process that the companies would not face major obstacles in advancing the deal. That’s largely due to the lack of footprint overlap between the two companies’ portfolios, which means the new company would not unduly stifle marketplace competition. In securities filings, the companies projected a combined revenue of more than $32 billion with 100,000 employees. Smurfit Westrock will have more than 500 sites and 63 paper mills, spanning 40 countries and six continents. Given the extensive synergies between the two companies, Smurfit Kappa expects the deal to increase profits in the beginner forex trading strategies high single-digit by over 20% by the end of its first year of operations.

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Steve Voorhees has an approval rating of 74% among the company’s employees. 60.0% of employees surveyed would recommend working at WestRock to a friend. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. Former Smurfit Kappa executives fill out the lion’s share of top executive positions at the new company. Similarly, Smurfit Kappa’s CFO Ken Bowles assumed the same position at the new company. DUBLIN–(BUSINESS WIRE)–Smurfit Westrock plc, a global leader in sustainable packaging, is pleased to announce its primary listing on the New York Stock Exchange (NYSE), under the ticker ‘SW,’ follow…

Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. The Chart of the Day belongs to the paper products company WestRock (WRK) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest…

1. Smurfit Westrock now becomes one of the world’s largest packaging companies.
2. Initial discussions about a Smurfit Westrock business combination date back to June 2019.
3. That’s largely due to the lack of footprint overlap between the two companies’ portfolios, which means the new company would not unduly stifle marketplace competition.
4. London-based DS Smith in April agreed to be acquired by International Paper, after thwarting a proposed offer from Mondi.
5. To see all exchange delays and terms of use please see Barchart’s disclaimer.

DALLAS–(BUSINESS WIRE)–ISN, the global leader in contractor and supplier information management, announced that Smurfit Westrock, a global leader in sustainable paper and packaging, has selected ISN… Smurfit Westrock now becomes one of the world’s largest packaging companies. However, the deal offered a 28% premium to WestRock’s closing price yesterday, leading to a jump in its stock price. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.

According to 5 analysts, the average rating for SW stock is “Buy.” The 12-month stock price forecast is $56.4, which is an increase of 26.12% from the latest price.

A new holding company will be created for Smurfit WestRock, which will be Dublin-based and listed on the New York Stock Exchange. It seems like a good deal, as it presents a 28% premium over WestRock’s closing price yesterday and far exceeds the expected deal premium of 15% to 20%. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.