WestRock Stock On a Tear After Smurfit Kappa Deal

Packaging company WestRock’s (WRK) shares soared by almost 7% in pre-market trading on Tuesday after a merger announcement with Dublin-based Smurfit Kappa to create the world’s largest listed paper and packaging company by revenue.

Key Takeaways

  • WestRock is merging with Dublin-based Smurfit Kappa to form largest listed paper and packaging company in the world in terms of revenue.
  • In the last fiscal year, the companies combined earned $34 billion with adjusted core profit of $5.5…

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