Why Corrugated Packaging Company WestRock's Shares Are Going Up Today?
Why Corrugated Packaging Company WestRock's Shares Are Going Up Today?
WestRock Company (NYSE:WRK) shares are gaining in premarket trading today after the company and Smurfit Kappa Group Plc (OTC:SMFKY) said they are merging to create Smurfit WestRock, a sustainable packaging company with scale, quality, product and geographic diversity.
韋斯特羅克 公司(紐約證券交易所代碼：WRK)股價今天在盤前交易中上漲，此前該公司和藍精靈卡帕集團(場外交易：SMFKY)表示正在合併以創建藍精靈韋斯特洛克，一傢俱有規模、質量、產品和地理多樣性的可持續包裝公司。
Under the terms of the agreement, for each share of common stock, stockholders will receive one new Smurfit WestRock share and $5.00 in cash.
根據協定條款，每一股普通股，股東將獲得一股新的SMurfit WestRock股票和5美元的現金。
Total consideration to WestRock stockholders is equivalent to $43.51 per WestRock Share, based on the closing share price of Smurfit Kappa ordinary shares on September 11, 2023.
根據SMurfit Kappa普通股2023年9月11日的收盤價，對WestRock股東的總對價相當於每股WestRock股票43.51美元。
Together, both the companies generated combined last twelve months' adjusted annual revenue of approximately $34 billion as of June 30, 2023.
截至2023年6月30日，這兩家公司過去12個月的調整後年收入合計約為340億美元。
Smurfit WestRock will be incorporated and domiciled in Ireland with global headquarters in Dublin, Ireland, and its North and South American operations will be headquartered in Atlanta, Georgia.
SMurfit WestRock將在愛爾蘭註冊和註冊，全球總部設在愛爾蘭都柏林，其北美和南美業務總部將設在佐治亞州亞特蘭大。
After completing the combination, Smurfit WestRock's ordinary shares will be listed on the NYSE.
完成合並後，藍精靈西巖的普通股將在紐約證交所上市。
Smurfit Kappa shareholders and WestRock stockholders are expected to own approximately 50.4% and 49.6% of Smurfit WestRock, respectively.
SMurfit Kappa股東和WestRock股東預計將分別持有SMurfit WestRock約50.4%和49.6%的股份。
The merger is expected to close in the second quarter of calendar year 2024.
合併預計將在2024年第二季度完成。
"We look forward to working with Smurfit Kappa to build a leading global platform that harnesses the strength of WestRock's consumer portfolio, presents a truly comprehensive offering of packaging solutions for customers and delivers meaningful value to our shareholders today and into the future," said WestRock CEO David Sewell.
西巖首席執行官David·休厄爾表示：“我們期待著與SMurfit Kappa合作，建立一個領先的全球平臺，利用西巖消費者組合的力量，為客戶提供真正全面的包裝解決方案，並為我們的股東提供有意義的價值，無論是現在還是未來。”
Price Action: WRK shares are trading higher by 7.16% at $36.50 in premarket on the last check Tuesday.
價格行動：在週二的最後一張支票上，WRK股價在盤前上漲7.16%，至36.50美元。