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InsideArbitrage Potential Deal Alert: WestRock In Talks To Merge With Smurfit Kappa

  • September 12, 2023

POTENTIAL DEAL DETAILS

StockWestRock CompanySymbolWRK
Date Announced09/06/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Smurfit Kappa
Date of Confirmation: 09/12/2023Price at Confirmation: $35.00
Potential Profit: 5.33%Annualized Profit: 324.03%

Smurfit Kappa Group, confirms that the boards of directors of Smurfit Kappa and WestRock Company (WRK) are discussing the key terms of a potential combination to create Smurfit WestRock, a global leader in sustainable packaging.

Update(s):

September 12, 2023: Smurfit Kappa Group Plc agreed to acquire WestRock Co. in an $11.2 billion deal that creates an Irish-American packaging industry powerhouse.

Check out Deal Metrics here.

 

WestRock Company Investor Relations

Smurfit Kappa Group Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.