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

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