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.
WestRock 公司 (NYSE: WRK) 股价今天在盘前交易中上涨，此前该公司和 Smurfit Kappa 集团有限公司 （场外交易代码：SMFKY）说他们正在合并创建 Smurfit WestRock，一家具有规模、质量、产品和地域多样性的可持续包装公司。
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.
根据协议条款，每股普通股，股东将获得一股新的Smurfit WestRock股票和5.00美元的现金。
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.
根据2023年9月11日Smurfit Kappa普通股的收盘价，WestRock股东的总对价相当于每股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，两家公司在过去十二个月中合计创造了约340亿美元的调整后年收入。
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将在爱尔兰注册成立，总部设在爱尔兰都柏林，其北美和南美业务总部将设在佐治亚州的亚特兰大。
After completing the combination, Smurfit WestRock's ordinary shares will be listed on the NYSE.
完成合并后，Smurfit WestRock的普通股将在纽约证券交易所上市。
Smurfit Kappa shareholders and WestRock stockholders are expected to own approximately 50.4% and 49.6% of Smurfit WestRock, respectively.
预计Smurfit Kappa的股东和WestRock的股东将分别拥有Smurfit WestRock约50.4％和49.6％的股份。
The merger is expected to close in the second quarter of calendar year 2024.
合并预计将于2024日历年的第二季度完成。
"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.
WestRock首席执行官戴维·塞威尔表示：“我们期待与Smurfit Kappa合作，建立一个领先的全球平台，利用WestRock消费者产品组合的优势，为客户提供真正全面的包装解决方案，并为当今和未来的股东带来有意义的价值。”
Price Action: WRK shares are trading higher by 7.16% at $36.50 in premarket on the last check Tuesday.
价格走势: 在周二的最后一张支票中，WRK股价在盘前交易中上涨7.16％，至36.50美元。