Industry News, Mergers and Acquisitions, Printers News

Definitive Agreement Reached for WestRock to Acquire Multi Packaging Solutions

WestRock to acquire all outstanding shares of MPS for $18.00 per share in cash, total enterprise value of $2.28 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

WestRock Company and Multi Packaging Solutions International Limited (MPS) announced 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 12-month adjusted EBITDA multiple as of Sept. 30, 2016, of 9.6 times, and 7.1 times including anticipated synergy and performanc...

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