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