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Top related persons:
Tony Smurfit - 5 WestRock - 2 Smurfit - 2 Irial Finan - 2 Ken Bowles - 2 Kappa - 2 Smurfit WestRock - 1 JP Morgan - 1
Top related locs:
Ireland Dublin Europe U.S Brazil Mexico Atlanta DUBLIN
Top related orgs:
Kappa - 4 Smurfit Kappa - 3 Smurfit - 2 London Stock Exchange - 2 U.S - 2 West Pharmaceutical - 1 European Union - 1 New York Stock Exchange - 1

Search resuls for: "Tony Smurfit"


7 mentions found


☆ Smurfit Kappa, WestRock Combining to Create a Global Packaging Company With a Value of Almost $20B
  + stars: | 2023-09-12 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +2 min
Smurfit Kappa and WestRock will join to create a global packaging company with a value of almost $20 billion. WestRock shareholders will receive $5 in cash and one share in the new company, called Smurfit WestRock, for each WestRock share that they own. Smurfit Kappa stockholders will receive one share in the new company for each Smurfit Kappa share. Smurfit WestRock will be incorporated and domiciled in Ireland, with global headquarters in Dublin, Ireland, where Smurfit Kappa is based. Irial Finan, the chairman at Smurfit Kappa, will be chair of the company and Ken Bowles, chief financial officer at Smurfit Kappa, will serve as CFO of Smurfit WestRock.
Persons: WestRock, Smurfit, Tony Smurfit, Irial Finan, Ken Bowles, Smurfit WestRock Organizations: Kappa, West Pharmaceutical, Smurfit Kappa, Smurfit, European Union, New York Stock Exchange Locations: Europe, U.S, Brazil, Mexico, Ireland, Dublin, Atlanta
☆ Smurfit Kappa, WestRock agree merger to create $20 bln packaging giant
  + stars: | 2023-09-12 | by ( Padraic Halpin Yadarisa Shabong | Padraic Halpin | Yadarisa Shabong | ) www.reuters.com   time to read: +4 min
WestRock stockholders will get one share in the new company, called Smurfit WestRock, and $5 in cash for each share they hold, which works out to $43.51 per share, the companies said in a statement. Smurfit Kappa shareholders will receive one new Smurfit WestRock share for each share they hold. That could make the deal more than 20% accretive to Smurfit Kappa's earnings per share, the statement added. Smurfit WestRock will be domiciled in low tax Ireland with its global headquarters in Dublin. Smurfit Kappa will de-list from Euronext Dublin, the latest blow for the Irish bourse as building materials giant CRH prepares to leave later this month.
Persons: WestRock, JP Morgan, Jefferies, Tony Smurfit, Ken Bowles, Irial Finan, Smurfit, Yadarisa, Padraic Halpin, Louise Heavens, Jason Neely Organizations: Kappa, Europe's, JP, Smurfit, Smurfit Kappa, London Stock Exchange, Irish bourse, Thomson Locations: DUBLIN, COVID, South, Central, North America, Europe, Ireland, Dublin, New York, Bengaluru
☆ Packaging giant Smurfit Kappa's shares fall 11% after WestRock merger announcement
  + stars: | 2023-09-12 | by ( ) www.cnbc.com   time to read: +1 min
Shares of Dublin-based packaging group Smurfit Kappa plunged 11% at Tuesday's market open in London after it announced it would combine with U.S. peer WestRock to create an industry juggernaut. The companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world — run through a holding company incorporated and domiciled in Ireland. It will seek a New York listing with a standard listing on the London Stock Exchange. WestRock shareholders will receive one Smurfit WestRock share and $5 cash, equivalent to $43.51 per share. "We identified [Westrock] as an asset that we can develop with and combine with to be an even better asset.
Persons: Kappa, We've, Tony Smurfit, CNBC's Organizations: U.S, London Stock Exchange Locations: Dublin, London, Ireland, York, United States, . London
☆ Smurfit Kappa CEO says Westrock merger is 'fantastic' for shareholders
  + stars: | 2023-09-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmurfit Kappa CEO says Westrock merger is 'fantastic' for shareholdersTony Smurfit, CEO of packaging giant Smurfit Kappa, discusses the company's announcement that they will merge with U.S. peer Westrock.
Persons: Tony Smurfit Organizations: Smurfit Kappa, Kappa
☆ European stocks open higher as positive momentum continues
  + stars: | 2023-09-12 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: 1 min
Paper and packaging businesses Smurfit Kappa and WestRock on Tuesday announced they had agreed to combine. The companies will form Smurfit WestRock, run through a holding company incorporated and domiciled in Ireland, with global headquarters in Dublin, and North and South American operations headquartered in Atlanta, Georgia. It will be led by CEO Tony Smurfit. Shareholders of U.S.-based WestRock will receive one Smurfit WestRock share and $5 cash, equivalent to $43.51 per share. The merger is expected to be completed in the second quarter of 2024, subject to shareholder and regulatory approval.
Persons: Tony Smurfit, Kappa, — Jenni Reid Organizations: Kappa, Tuesday, U.S Locations: Ireland, Dublin, North, American, Atlanta , Georgia
☆ Some European firms may reverse last year's big price hikes
  + stars: | 2023-02-09 | by ( Joice Alves Padraic Halpin | Joice Alves | Padraic Halpin | ) www.reuters.com   time to read: +4 min
If they start to reverse, then you'll see things reversing for next year, but we have to wait and see," he said. Slashing prices also reflects stiffening competition in some markets as companies struggle with waning consumer demand and households tighten budgets. Kraftliner prices, up 60 euros per tonne in the first half, have since fallen by 120 euros a tonne. Europe's gas rollercoasterWAGES AND BORROWING COSTSSome companies won't make cuts though, as they protect margins or face higher wages and borrowing costs. "It does signal a retreat in operating margins for firms like Smurfit, hence the negative reaction in the share price this morning," he said.
☆ Demand slowdown has peaked and 'we're over the worst of it,' Smurfit Kappa CEO says
  + stars: | 2023-02-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand slowdown has peaked and 'we're over the worst of it,' Smurfit Kappa CEO saysTony Smurfit, CEO of Smurfit Kappa, discusses the product packaging's company results for 2022 and the outlook for the industry.
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