WestRock $4.9 billion acquisition of KapStone Packaging

Overview:

• WestRock has acquired competitor KapStone Packaging in a $4.9 billion deal. 
• The transaction cost includes roughly $1.36 billion of KapStone's debt. 
• Part of the financing for the acquisition came from WestRock's $1.2 billion Rule 144A notes offering. 
• Lazard and Wells Fargo acted as financial advisers for WestRock while Rothschild & Co and Moelis & Co advised KapStone. 
• The transaction is expected to close by the end of September 2018. 

Kurt Stumpo - Journalist