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Packaging company WestRock to buy KapStone for $4.9 billion

Published 29/01/2018, 12:00
Packaging company WestRock to buy KapStone for $4.9 billion

(Reuters) - U.S. packaging company WestRock Co (N:WRK) said on Monday it would buy KapStone Paper and Packaging Corp (N:KS) for an enterprise value of about $4.9 billion (£3.5 billion), to help expand in the western United States.

The $35-per-share offer represents a premium of 32 percent to KapStone stock's Friday close.

WestRock would also assume net debt of about $1.36 billion, the companies said.

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