A robotic builds pallets of cardboard packing containers on the Smurfit Kappa March corrugated packaging manufacturing unit.
Bloomberg | Bloomberg | Getty Pictures
Shares of Dublin-based packaging group Smurfit Kappa plunged 11% at Tuesday’s market open in London after it introduced a merger with U.S. peer WestRock.
The businesses will kind Smurfit WestRock — set to be one of many largest packaging firms on the planet — run via a holding firm integrated and domiciled in Eire.
WestRock shareholders will obtain one Smurfit WestRock share and $5 money, equal to $43.51 per share.
This can be a growing story and will likely be up to date shortly.
