WRK Stock Recent News

Shares in Smurfit Kappa Group plc (LSE:SKG) fell 9% after its board and that of WestRock Co (NYSE:WRK) confirmed the pair had agreed to merge and create a US$34 billion revenue packaging giant.  Analysts at Barclays said they had received "mixed feedback" after last week's news that merger discussions were at an advanced stage, with clients of the bank feeling angst about "a) deal premium, b) US expansion, c) size of deal, and d) synergies, etc".

Tony Smurfit, CEO of packaging giant Smurfit Kappa, discusses the company's announcement that they will merge with U.S. peer Westrock.

The companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world.

WestRock (WRK) and Smurfit Kappa are currently exploring merger options, which are expected to create a paper packaging giant.

WestRock Co (NYSE: WRK) opened 10% up this morning after Smurfit Kappa Group Plc (LON: SKG) confirmed that it was interested in a merger with the packaging company. Combined company will be worth about $20 billion The talks are ongoing but the two companies are yet to reach a definitive agreement.

The combined group would be listed in New York, and WestRock shareholders would primarily receive stock in the merged group, Smurfit said

Smurfit Kappa Group plc (LSE:SKG) is in talks with Atlanta-based WestRock over a potential combination to create Smurfit WestRock, a global leader in sustainable packaging. The deal, if completed, would create one of the world's largest paper and packaging companies.

WestRock, Smurfit Kappa are in talks to create a company with combined value of roughly $20 billion.

ATLANTA--(BUSINESS WIRE)--WestRock Company (NYSE: WRK), a leading provider of sustainable paper and packaging solutions, today announced its participation in the Jefferies Industrials Conference on September 7, 2023. David Sewell, president and chief executive officer, will present information about the Company at 10:30 am ET. This event will be webcast and available for replay on WestRock's website, ir.westrock.com. About WestRock WestRock (NYSE: WRK) partners with our customers to provide sus.

WestRock Company is a quality company trading below book value, penalized by the market due to several factors. The company has put the worst behind it, and most of the factors contributing to its low stock price are not fully justified. The company is a reliable business and has exhibited above-average market returns previously. The market could potentially be providing investors an opportunity to buy into this business at a discount.