Packaging firm WestRock rises as Smurfit Kappa signals improving demand

WestRock Co

01/11/2023 10:35

** Paper packaging producer WestRock's  WRK.N  shares rise
2.6% to $36.87 premarket
    ** Europe's Smurfit Kappa  SKG.I , which agreed an $11
billion deal to buy U.S. rival WestRock in September, said it
saw tentative improvements in its German order books that could
bode well for a return to volume growth
    ** Smurfit's Ireland-listed shares rise 2.4%
    ** WRK shares have risen 5.6% since Sept. 12, when Smurfit
Kappa struck deal to buy WestRock to create world's biggest
paper and packaging company
    ** WestRock shares up 2.2% YTD

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))