WestRock climbs after rival Smurfit Kappa's results signal demand recovery

WestRock Co

07/02/2024 09:55

** Shares of packaging company WestRock  WRK.N  up 6.8% at
$40.99 premarket 
    ** European rival Smurfit Kappa Group  SKG.I  says the worst
of a year-long dip in demand for the sector appears to be over 
    ** Volumes increased in Q4, snapping three successive
quarterly declines, Smurfit Kappa says
    ** The group says it hopes to close the $11 bln deal to buy
WestRock agreed upon last year 
    ** WestRock reported Q1 sales below estimates last week 
    ** WRK up ~12% in the past 12 months

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