KapStone Paper and Packaging Corp (KS.N)
* KAPSTONE PAPER AND PACKAGING - Q4 INCLUDES A PROVISIONAL TAX BENEFIT OF $144 MILLION ASSOCIATED WITH PASSAGE OF TAX CUTS AND JOBS ACT ON DECEMBER 22, 2017
BRIEF-Westrock Says On Termination Of Merger Under Specified Reasons, Kapstone May Be To Pay $105.6 Mln
* WESTROCK CO SAYS ON TERMINATION OF MERGER UNDER SPECIFIED REASONS, KAPSTONE MAY BE TO PAY TO WESTROCK A FEE OF ABOUT $105.6 MILLION -SEC FILING Source text for Eikon: (http://bit.ly/2npbNK5) Further company coverage:
Jan 29 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: ** Keurig Green Mountain has struck a deal worth more than $21 billion to combine with soda maker Dr Pepper Snapple Group Inc DPS.N to form a North American drinks company with brands like Green Mountain Coffee, 7UP, Snapple and Sunkist.
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.
Jan 29 U.S. packaging company WestRock Co said on Monday it would buy KapStone Paper and Packaging Corp for an enterprise value of about $4.9 billion, to help expand in the western United States.
* Kapstone Paper And Packaging Corp - qtrly diluted eps of $0.30 down