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Davy Research

Smurfit Kappa Group

WestRock merger terms

Sep 12 2023, 08:45 IST/BST
Justin Jordan
Company Report
5 page(s)

Sectors : Paper & Packaging

Companies : Smurfit Kappa Group

Ratings and price correct at time of issue.

Smurfit Kappa Group

Closing Price: 3584c
RATING 30/06/09
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Justin Jordan

Analyst

DAVY VIEW

WestRock holders will receive one Smurfit Kappa Group share and US$5/share cash for each WestRock share, equivalent to $43.51/share. The merger is targeting $400m-plus run-rate synergies by the end of year one post completion. The merged Smurfit WestRock will be led by Tony Smurfit as CEO and Ken Bowles as CFO. Conference call at 13:00 UK time/08:00 EST time today.

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Sep 12 2023, 08:45 IST/BST