WestRock rises as stockholders approve merger with Smurfit Kappa
13/06/2024 14:37
** Shares of packaging company WestRock WRK.N up 1.3% at
$50.03 in early trading
** Co says its stockholders have approved the combination of
WRK with European rival Smurfit Kappa Group SKG.I for $11
billion
** Ireland's SKG had in September said it was buying
WestRock to create the world's largest paper and packaging
company
** The deal is expected to combine Europe's biggest paper
and packaging producer with the second largest player in the
United States and forge a company worth nearly $20 bln
** As of last close, WRK's stock had risen ~19% YTD
(Reporting by Granth Vanaik in Bengaluru)
((Granth.Vanaik@thomsonreuters.com; Twitter: https://twitter.com/Vanaik_Granth;))