ListCo /
WestRock Company
WestRock and Smurfit Kappa to combine under ListCo
What happened
ListCo is set to become the parent of WestRock Company and Smurfit Kappa through a scheme of arrangement and merger. WestRock shareholders are to receive one ListCo share and $5.00 in cash for each share, subject to the agreement’s terms.
The transaction is structured so that Merger Sub merges into WestRock Company, which will survive as a wholly owned subsidiary of ListCo. Terms include conditions that must be satisfied or waived.
The source
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WestRock and Smurfit Kappa to combine under ListCo
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