WestRock LLC (WRK) PT Raised to $64 at Jefferies; Reiterates Buy

WestRock Reports Solid Results in Fiscal 2017 First Quarter

January 24, 2017 6:30 AM EST

NORCROSS, Ga., Jan. 24, 2017 (GLOBE NEWSWIRE) -- WestRock Company (WestRock) (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, today announced results for its fiscal first quarter ended December 31, 2016.

First Quarter 2017 Highlights and Portfolio Transformation

Earned $0.32 per diluted share and $0.47 of adjusted earnings per diluted shareGenerated net cash from operating activities of $517 million and adjusted free cash flow of $369 millionAchieved $85 million in year-over-year productivity improvements and an annual run rate of $580 million of synergy and performance... More

Definitive Agreement Reached for WestRock to Acquire Multi Packaging Solutions for $18.00 per share

January 24, 2017 6:30 AM EST

Transaction enhances WestRocks position as a leading provider of differentiated paper and packaging solutionsExpected to be immediately accretive and to offer significant synergy potential

NORCROSS, Ga. and NEW YORK, Jan. 24, 2017 (GLOBE NEWSWIRE) -- WestRock Company (NYSE: WRK) and Multi Packaging Solutions International Limited (NYSE: MPSX) (MPS) announced today that a definitive agreement has been reached for WestRock to acquire all of the outstanding shares of MPS for $18.00 per share in cash and the assumption of an estimated $873 million in net debt, for a... More

WestRock Schedules Conference Call on January 24, 2017 to Discuss Fiscal 2017 First Quarter Results and Strategic Announcement

January 23, 2017 6:18 PM EST

NORCROSS, Ga., Jan. 23, 2017 (GLOBE NEWSWIRE) -- WestRock Company (NYSE: WRK) today announced that it will host a conference call to discuss its fiscal 2017 first quarter results, as well as a strategic announcement on Tuesday, January 24, at 8:30 am EST. This will replace WestRocks first quarter earnings conference call, previously scheduled for Thursday, January... More

WestRock Enters Into Definitive Agreement to Divest Home, Health and Beauty Business for $1.025 Billion

January 23, 2017 7:30 AM EST

NORCROSS, Ga., Jan. 23, 2017 (GLOBE NEWSWIRE) -- WestRock Company (NYSE: WRK) announced today that it has entered into a definitive purchase agreement with Silgan Holdings Inc. (NASDAQ: SLGN) under which Silgan will purchase WestRocks Home, Health and Beauty business for $1.025 billion in cash plus the assumption of approximately $25 million in foreign pension liability. WestRock expects to receive net after-tax proceeds from the divestiture of approximately $1 billion.

We have a constant strategic focus at WestRock on aligning our portfolio and resources around our core paper and... More

Silgan Announces Agreement to Acquire WestRock’s Specialty Closures and Dispensing Systems Business

January 23, 2017 7:30 AM EST

Acquisition Further Broadens Closure Franchise into the Highly Engineered Dispensing Systems Market

Investor Conference Call at 9:00 a.m. ET on January 23, 2017

STAMFORD, Conn.--(BUSINESS WIRE)-- Silgan Holdings Inc. (NASDAQ: SLGN), a leading supplier of rigid packaging for consumer goods products, announced today that it has entered into a definitive agreement with WestRock Company (NYSE: WRK) to acquire its specialty closures and dispensing systems business. This business is a leading global supplier of highly engineered triggers, pumps, sprayers and... More