January 29, 2018 / 11:53 AM / a month ago

Packaging company WestRock to buy KapStone for $4.9 bln

Jan 29 (Reuters) - 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.

The $35-per-share offer represents a premium of 32 percent to KapStone stock’s Friday close.

WestRock would also assume net debt of about $1.36 billion, the companies said. (Reporting by Arunima Banerjee in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below