Brief: Smurfit Kappa and WestRock to Combine For a Consideration Equivalent To $43.51/Share

WestRock Co

12/09/2023 07:47

Sept 12 (Reuters) - Smurfit Kappa Group PLC  SKG.I :
    * SMURFIT KAPPA GROUP PLC STATEMENT RE SMURFIT KAPPA AND
WESTROCK
ANNOUNCE TRANSACTION TO CREATE A GLOBAL LEADER IN SUSTAINABLE
PACKAGING
    * WESTROCK CO: UNANIMOUSLY RECOMMENDED BY BOARDS OF
DIRECTORS OF
BOTH COMPANIES
    * WESTROCK CO - SMURFIT WESTROCK WILL BE LED BY TONY SMURFIT
AS
CEO AND IRIAL FINAN AS CHAIR
    * WESTROCK CO: FOR EACH SHARE OF COMMON STOCK OF WESTROCK
COMMON
STOCKHOLDERS OF WESTROCK WILL RECEIVE ONE NEW SMURFIT WESTROCK
SHARE AND $5.00 IN CASH
    * WESTROCK CO: UNIT OF SMURFIT KAPPA, HAS ENTERED INTO A
COMMITMENT LETTER WHICH INCLUDES FINANCING TO FUND CASH PORTION
OF TRANSACTION
    * WESTROCK: INCASE OF TERMINATION SMURFIT KAPPA WILL PAY
TERMINATION AMOUNT OF $100 MILLION TO WESTROCK, OR WESTROCK WILL
PAY $147 MILLION TO SMURFIT KAPPA
    * WESTROCK CO: SMURFIT WESTROCK WILL BE INCORPORATED AND
DOMICILED
IN IRELAND WITH GLOBAL HEADQUARTERS IN DUBLIN

Source text for Eikon:  ID:nBw8czPCva 
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