Edition:
United States

WestRock Co (WRK.N)

WRK.N on New York Stock Exchange

65.11USD
20 Feb 2018
Change (% chg)

$-1.21 (-1.82%)
Prev Close
$66.32
Open
$66.02
Day's High
$66.21
Day's Low
$64.94
Volume
348,177
Avg. Vol
454,320
52-wk High
$71.51
52-wk Low
$49.24

Latest Key Developments (Source: Significant Developments)

WestRock Signs Definitive Agreement To Acquire KapStone For $35 Per Share
Monday, 29 Jan 2018 06:32am EST 

Jan 29 (Reuters) - Westrock Co ::WESTROCK SIGNS DEFINITIVE AGREEMENT TO ACQUIRE KAPSTONE FOR $35 PER SHARE.WESTROCK CO - DEAL FOR TOTAL ENTERPRISE VALUE OF APPROXIMATELY $4.9 BILLION..WESTROCK CO - WESTROCK WILL ACQUIRE ALL OF OUTSTANDING SHARES OF KAPSTONE FOR $35.00 PER SHARE AND WILL ASSUME APPROXIMATELY $1.36 BILLION IN NET DEBT.WESTROCK CO - TRANSACTION IS NOT CONDITIONAL ON FINANCING.WESTROCK CO - WESTROCK WILL FINANCE CASH CONSIDERATION THROUGH ISSUANCE OF NEW DEBT UNDER A FULLY COMMITTED FINANCING PACKAGE.WESTROCK CO - ‍UPON CLOSING, DEAL IS TO BE IMMEDIATELY ACCRETIVE TO CO'S ADJUSTED EARNINGS & CASH FLOW, INCLUSIVE OF PURCHASE ACCOUNTING ADJUSTMENTS​.WESTROCK - KAPSTONE STOCKHOLDERS TO HAVE OPTION TO GET $35/SHARE IN CASH, OR TO ELECT TO GET 0.4981 WESTROCK SHARES PER KAPSTONE SHARE.WESTROCK CO - UPON COMPLETION OF DEAL, KAPSTONE WILL BE INTEGRATED INTO WESTROCK'S CORRUGATED PACKAGING SEGMENT.WESTROCK - ELECTION OF STOCK CONSIDERATION BY KAPSTONE SHAREHOLDERS CAPPED AT 25% OF OUTSTANDING KAPSTONE SHARES.WESTROCK - NO LIMIT ON NUMBER OF KAPSTONE SHARES THAT CAN RECEIVE CASH CONSIDERATION AS PART OF DEAL.WESTROCK - KAPSTONE'S ROGER STONE, MATT KAPLAN, ENTERED INTO VOTING AGREEMENTS, PURSUANT TO WHICH THEY HAVE AGREED TO VOTE SHARES IN SUPPORT OF DEAL.WESTROCK - DEAL CREATES OPPORTUNITY FOR ABOUT $200 MILLION IN COST SYNERGIES, PERFORMANCE IMPROVEMENTS.  Full Article

Westrock Says CEO Steven Voorhees' FY 2017 Total Compensation Was $11.4 Mln Versus $10.7 Mln In 2016
Tuesday, 19 Dec 2017 05:37pm EST 

Dec 19 (Reuters) - Westrock Co ::WESTROCK CO SAYS CEO STEVEN VOORHEES' FY 2017 TOTAL COMPENSATION WAS $11.4 MILLION VERSUS $10.7 MILLION IN 2016 - SEC FILING.  Full Article

Westrock Announces Agreements To Acquire Plymouth Packaging
Tuesday, 12 Dec 2017 06:59am EST 

Dec 12 (Reuters) - Westrock Co ::WESTROCK ANNOUNCES AGREEMENTS TO ACQUIRE PLYMOUTH PACKAGING.WESTROCK ANNOUNCES AGREEMENTS TO ACQUIRE PLYMOUTH PACKAGING.WESTROCK CO - ‍AGREEMENTS TO ACQUIRE SUBSTANTIALLY ALL OF ASSETS OF PLYMOUTH PACKAGING INC​.  Full Article

WestRock Sees Fiscal 2018 Revenue Of At Least $16.3 Billion
Friday, 8 Dec 2017 12:14pm EST 

Dec 8 (Reuters) - WestRock Co ::REITERATED FISCAL 2018 GUIDANCE FOR REVENUE OF AT LEAST $16.3 BILLION, ADJUSTED SEGMENT EBITDA OF MORE THAN $2.8 BILLION.FY2018 REVENUE VIEW $16.38 BILLION -- THOMSON REUTERS I/B/E/S."HAS OPPORTUNITY TO EXPAND ITS MARGINS AND DEPLOY ITS CAPITAL" TO GROW ADJUSTED EBITDA TO MORE THAN $4 BILLION IN FISCAL YEAR 2022​.REITERATED ITS FISCAL 2018 GUIDANCE FOR ADJUSTED OPERATING CASH FLOW OF AT LEAST $2.3 BILLION​.  Full Article

WESTROCK TO UPGRADE FLORENCE, SC MILL
Thursday, 16 Nov 2017 10:06am EST 

Nov 16 (Reuters) - Westrock Co ::WESTROCK TO UPGRADE FLORENCE, SC MILL.‍$410 MILLION INVESTMENT OVER TWO YEARS WILL REPLACE THREE OLDER PAPER MACHINES​.  Full Article

WestRock reports Q4 earnings per share $0.87
Thursday, 2 Nov 2017 06:30am EDT 

Nov 2 (Reuters) - WestRock Co :Q4 earnings per share $0.87.Q4 revenue $235 million.Q4 revenue view $4.05 billion -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.  Full Article

Westrock declares quarterly dividend of $0.43/share
Friday, 27 Oct 2017 12:30pm EDT 

Oct 27 (Reuters) - Westrock Co ::Westrock increases its dividend 7.5% to new annualized rate of $1.72 per share.Says ‍board declared quarterly dividend of $0.43 per share, an increase of $0.03/share from previous dividend rate.  Full Article

Westrock prices $1.0 bln of senior notes
Monday, 21 Aug 2017 05:16pm EDT 

Aug 21 (Reuters) - Westrock Co :Westrock prices $1.0 billion of senior notes.Westrock Co - has priced $500 million aggregate principal amount of 3.00% senior notes due 2024​.Westrock Co - ‍has also priced $500 million aggregate principal amount of 3.375% senior notes due 2027​.  Full Article

WestRock Q3 earnings per share $1.29
Thursday, 3 Aug 2017 06:30am EDT 

Aug 3 (Reuters) - Westrock Co :Westrock reports fiscal 2017 third quarter results.Q3 earnings per share $1.29.Q3 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $0.74.Q3 revenue $194 million.Q3 revenue view $3.67 billion -- Thomson Reuters I/B/E/S.  Full Article

Westrock acquires hannapak
Tuesday, 1 Aug 2017 06:26am EDT 

Aug 1 (Reuters) - Westrock Co :Westrock acquires Hannapak.deal for ‍aud$75 million​.aud$75 million purchase price will be paid in cash.‍Announced acquisition of Hanna Group, an Australian provider of folding cartons.  Full Article

Packaging company WestRock to buy smaller rival KapStone

WestRock Co agreed to buy smaller rival KapStone Paper and Packaging Corp for about $3.5 billion as it looks to make the most of strong demand for packaging products in a growing U.S. economy and a booming ecommerce market.