Industry News

RockTenn to Acquire Smurfit-Stone Container Corp.

Creates a $9B leader in the North American paperboard packaging market

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By: DAVID SAVASTANO

Editor, Ink World Magazine

RockTenn and Smurfit-Stone Container Corporation announced that the Boards of Directors of both companies have approved a definitive agreement under which Smurfit-Stone will become a wholly owned subsidiary of RockTenn. The aggregate consideration, consisting of 50% cash and 50% RockTenn stock, is valued at $35 per-share of Smurfit-Stone common stock, and represents a 27% premium to Smurfit-Stone’s closing stock price on January 21, 2011. The aggregate equity value of the transaction, ...

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