WestRock Company (WRK), specializing in paper, packaging solutions, shows notable recent happenings such as experiencing a reduction of its shares by the BNP Paribas Asset Management Holding, ProShare Advisors, and the Mutual of America Capital Management. Reports also reflect mixed fiscal results, underperformance compared to competitors, and even a decline in market cap of nearly US$1.1b. Conversely, the firm saw increased share holdings from Headlands Technologies, GSA Capital Partners, Wealth Enhancement Advisory Services, and BNP Paribas Financial Markets, raising its position mildly. Despite potential risk from debt usage, it announced modest dividends and is set to present its Q1 2024 and Q2 2024 results. WestRock's notable merger with
Smurfit Kappa, backed by shareholders and cleared by EU antitrust regulators, boosted WestRock's stocks as it aims to create a packaging leader. Post-merger, joint firm
Smurfit Westrock will trade in New York and London. However, amidst these major business moves, WestRock also faced a resignation from its Corrugated Packing President and announced multiple facility closures in North Carolina, Tacoma, and others presumably in preparation for the merger.
Westrock Company WRK News Analytics from Tue, 06 Apr 2021 07:00:00 GMT to Sun, 21 Jul 2024 16:59:11 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor 2
