SMFKY / All You Need to Know About Smurfit Kappa (SMFKY) Rating Upgrade to Buy

Smurfit Kappa (SMFKY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). more_horizontal

Packaging company WestRock's (WRK) shares soared by almost 7% in pre-market trading on Tuesday after a merger announcement with Dublin-based Smurfit K more_horizontal

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 c more_horizontal

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

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

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 pack more_horizontal

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

Smurfit Kappa Group plc (LSE:SKG) is in talks with Atlanta-based WestRock over a potential combination to create Smurfit WestRock, a global leader i more_horizontal