12 September 2023
Following the announcement of a possible combination dated 7 September 2023 (“Possible Combination Announcement”), the Boards of Smurfit Kappa, a FTSE 100 company, and WestRock, an S&P 500 company, are pleased to announce the signing of a definitive transaction agreement to create Smurfit WestRock, a global leader in sustainable packaging.
Combined last twelve months’ adjusted revenue and adjusted EBITDA as of 30 June 2023 of approximately $34 billion and $5.5 billion, respectively.
Under the terms of the Agreement, for each share of common stock of WestRock the common stockholders of WestRock will receive one new Smurfit WestRock share and $5.00 in cash.
More, Source: Company’s Press Release