Comprising 36 paper-based elements, the bed frames were manufactured locally to minimise the environmental impact of transportation to Paris alongside supporting the regional economy. After the Games, they were collected, recycled and turned into the equivalent of 1.5 million wine boxes, a true example of circularity. Former Smurfit Kappa executives fill out the lion’s share of top executive positions at the new company. Similarly, Smurfit Kappa’s CFO Ken Bowles assumed the same position at the new company. In securities filings, the companies projected a combined revenue of more than $32 billion with 100,000 employees.

The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Smurfit Kappa and WestRock identified $750 asset pricing and portfolio choice theory million worth of businesses and assets to divest if necessary to achieve regulatory approval, but in the end no divestitures were required. Analysts had predicted early in the regulatory review process that the companies would not face major obstacles in advancing the deal. That’s largely due to the lack of footprint overlap between the two companies’ portfolios, which means the new company would not unduly stifle marketplace competition.

Smurfit Kappa investors will receive one share of the new company for each share they own. Samuel Shoemaker, WestRock’s president of consumer packaging, and Tom Stigers, WestRock’s president of mill operations, were also cited in securities filings as moving over to the new company. The announcement kicked off a period of international megadeals between fiber packaging companies. London-based DS Smith in April agreed to be acquired by International Paper, after thwarting a proposed offer from Mondi.

Key terms

Weeks later, Brazilian pulp and paper company Suzano pursued International Paper, but discussions ended in June. Smurfit WestRock shares began trading on the New York Stock Exchange July 8; shares also began trading on the LSE. Smurfit Westrock executives rang the opening bell at the NYSE on Monday, their first full business day as the new company. The deal was valued at nearly $12.7 billion in late April, based on exchange rates at the time. However, the deal offered a 28% premium to WestRock’s closing price yesterday, leading to a jump in its stock price.

The company was founded by Scott T. Ford and Joe T. Ford in 2009 and is headquartered in Little Rock, AR. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. These two industry leaders pay handsome dividends and aren’t getting enough respect from the market, which puts them in play for income investors and value investors alike.

Here’s My Top Stock to Buy in September

The Barchart Technical Opinion widget shows you today’s overall Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For axi forex broker example, a price above its moving average is generally considered an upward trend or a buy. Common stockholders of WestRock will receive a share of the new company plus $5 in cash for each share they own, adding up to $43.5 per share based on yesterday’s closing price of Smurfit Kappa ordinary shares.

1. After the Games, they were collected, recycled and turned into the equivalent of 1.5 million wine boxes, a true example of circularity.
2. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
3. The new company, Smurfit WestRock, will be worth about $20 billion when listed.
4. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
5. The deal was valued at nearly $12.7 billion in late April, based on exchange rates at the time.

What Does It Mean For The Two Companies?

The Chart of the Day belongs to the paper products company WestRock (WRK) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest… It seems like a good deal, as it presents a 28% premium over WestRock’s closing price yesterday and far exceeds the expected deal premium of 15% to 20%. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

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The paper engineering leader announced a range of steps to preserve its financial position and prioritize debt reduction. The Barchart Technical Opinion rating is a 72% Buy with a Strengthening short term outlook on maintaining the current direction. What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.76%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down How to buy ethereum classic -0.79%. Smurfit Westrock has established itself as the go-to partner of choice for innovative and sustainable packaging in France with almost 50 manufacturing sites servicing over 7,000 customers in the country.

Smurfit Westrock was unveiled as the ‘Best Irish Company in France’ in the 2024 Ireland France awards last night. The awards recognise companies which have made an exceptional contribution to the development of trade and investment between Ireland and France.