Subscribe To

Price Alert Latest News Economic Calendar News

SMFKY / Smurfit Kappa tumbles as WestRock deal confirmed

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". Read More

Demo Live Account See Partner Details

Content Topics

Smurfit

Kappa

Tumbles

Westrock

Deal

Confirmed

Stock

SMFKY

Posted: Sep 12 2023, 04:11

Author Name: Proactive Investors

SMFKY News

By Zacks Investment Research
November 2, 2023

Smurfit Kappa (SMFKY) Upgraded to Buy: Here's What You Should Know

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).

By Investopedia
September 12, 2023

WestRock Stock On a Tear After Smurfit Kappa Deal

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

By Proactive Investors
September 12, 2023

Smurfit Kappa tumbles as WestRock deal confirmed

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

By CNBC International TV
September 12, 2023

Smurfit Kappa CEO says Westrock merger will expand U.S. operations, is 'fantastic' for shareholders

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

By CNBC
September 12, 2023

Packaging giant Smurfit Kappa's shares fall 11% after WestRock merger announcement

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

By Invezz
September 7, 2023

WestRock and Smurfit in talks over a potential merger

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

By Barrons
September 7, 2023

WestRock, Smurfit Kappa Discuss Merging Into $20 Billion Paper Company

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

By Proactive Investors
September 7, 2023

Smurfit Kappa in talks with WestRock to create packaging giant

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

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.