WRK - Why Corrugated Packaging Company WestRock's Shares Are Going Up Today? | Benzinga
WestRock Company (NYSE: WRK) shares are gaining in premarket trading today after the company and Smurfit Kappa Group Plc (OTC: SMFKY) said they are merging to create Smurfit WestRock, a sustainable packaging company with scale, quality, product and geographic diversity.
Under the terms of the agreement, for each share of common stock, stockholders will receive one new Smurfit WestRock share and $5.00 in cash.
Total consideration to WestRock stockholders is equivalent to $43.51 per WestRock Share, based on the closing ...