WestRock Enters Into Definitive Agreement to Divest Home, Health and Beauty Business for $1.025 Billion
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WestRock LLC (WRK) PT Raised to $64 at Jefferies; Reiterates Buy
January 25, 2017 7:27 AM ESTJefferies raised its price target on WestRock LLC (NYSE: WRK) to $64.00 (from $59.00) while maintaining a Buy rating. Management reiterated its FCF guidance despite divesting HH&B and larger input cost headwinds, with better performance from taxes, land, and WC making up the... More
Silgan (SLGN) to Acquire WestRock's (WRK) Specialty Closures and Dispensing Systems Business for $1.03B
January 23, 2017 7:31 AM ESTSilgan 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
