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

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WestRock LLC (WRK) PT Raised to $50 at Barclays

January 26, 2017 8:46 AM EST

Barclays raised its price target on WestRock LLC (NYSE: WRK) to $50.00 (from $46.00) while maintaining a Equalweight rating.

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Pre-Open Stock Movers 01/24: (MPSX) (IIVI) (AKS) Higher; (FSM) (OCUL) (VZ) Lower (more...)

January 24, 2017 9:28 AM EST

Today's Pre-Open Stock Movers

Multi Packaging Solutions (NYSE: MPSX) 23.8% HIGHER; WestRock Company (NYSE: WRK) and Multi Packaging Solutions International Limited (NYSE: MPSX) 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 total enterprise value of $2.28 billion. This enterprise value represents a trailing twelve-month adjusted EBITDA multiple as of September 30, 2016, of 9.6 times, and 7.1... More

WestRock (WRK) Tops Q1 EPS by 1c

January 24, 2017 6:35 AM EST

WestRock (NYSE: WRK) reported Q1 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $3.45 billion versus the consensus estimate of $3.48 billion.

For earnings history and earnings-related data on WestRock (WRK) click here.

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WestRock (WRK) to Acquire Multi Packaging Solutions (MPSX) for $18 per share

January 24, 2017 6:32 AM EST

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 total enterprise value of $2.28 billion. This enterprise value represents a trailing twelve-month adjusted EBITDA multiple as of September 30, 2016, of 9.6 times, and 7.1 times including anticipated synergy and performance improvements. The acquisition is expected to be immediately accretive to... More

Silgan (SLGN) to Acquire WestRock's (WRK) Specialty Closures and Dispensing Systems Business for $1.03B

January 23, 2017 7:31 AM EST

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 dispensing closure solutions to major branded consumer goods product companies in the Home, Health and Beauty markets. It operates a global network of 13 plants across North America, Europe, South America and Asia. For the fiscal year-ended September 30, 2016, this business... More