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Waste & Recycling July 10, 2024 03:07:13 AM

Smurfit Kappa Announces Merger Deal with WestRock to Take Effect

Waste Advantage
ScrapMonster Author
The delisting comes after the shareholders of Westrock gave their approval for the proposed merger with Smurfit Kappa last month.

Smurfit Kappa Announces Merger Deal with WestRock to Take Effect

SEATTLE (Waste Advantage): Smurfit Kappa, a sustainable packaging company, has announced that its merger deal has taken effect with folding paperboard box manufacturer Westrock. This implies that Smurfit Kappa’s shares have been delisted from the premium segment of the Financial Conduct Authority’s official list and the official list of Euronext Dublin.

The delisting comes after the shareholders of Westrock gave their approval for the proposed merger with Smurfit Kappa last month. The companies initially entered into an agreement for the merger in September last year, resulting in the establishment of a new entity, Smurfit Westrock.

Smurfit Westrock has now switched to the New York Stock Exchange (NYSE) and has also started trading on the London Stock Exchange’s main market for listed securities. Smurfit Kappa shareholders own approximately 50.4% and Westrock shareholders hold the remaining 49.6% of the entity.

Courtesy: www.wasteadvantage.com

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