Brief: Smurfit Kappa CFO sees WestRock synergies topping $400 mln

WestRock Co

12/09/2023 12:10

Sept 12 (Reuters) - Smurfit Kappa Group PLC  SKG.I  CFO
interview:
    * SMURFIT KAPPA CFO SAYS DOES NOT ANTICIPATE ANY ANTITRUST
CONCERNS WITH WESTROCK MERGER, VERY LIMITED GEOGRAPHICAL OVERLAP
    * SMURFIT KAPPA CFO SAYS SYNERGIES IDENTIFIED INCLUDE
CROSS-SELLING OPPORTUNITIES, INTEGRATION OF PAPER, PUBLIC
COMPANY COST SAVINGS
    * SMURFIT KAPPA CFO SAYS REALLY COMFORTABLE THAT THERE WILL
BE
MUCH MORE THAN IDENTIFIED $400 MILLION SYNERGIES AFTER MERGER
COMPLETED
    * SMURFIT KAPPA CFO SAYS COMPANIES COMING TOGETHER REALLY AT
SAME
MULTIPLE OF 7-TIMES, MUCH LOWER THAN RECENT TRANSACTIONS IN
SECTOR
    * SMURFIT KAPPA CFO SAYS TALKS WITH WESTROCK KICKED OFF OVER
LAST
EIGHT MONTHS, HAD ALWAYS DISCUSSED IDEAS BETWEEN COMPANIES

Further company coverage:  SKG.I 

 (Reporting By Padraic Halpin)
 ((Padraic.Halpin@thomsonreuters.com;))