WestRock to buy Multi Packaging Solutions for $1.39 billion
The offer price of $18 per share represents a premium of 25 percent to Multi Packaging Solutions' (MPS) close of $14.39 on Monday.
Norcross, Georgia-based WestRock, the second-largest U.S. packaging company behind International Paper, has entered and exited several investments over the past year, to streamline its portfolio and focus on its core paper and packaging businesses.
On Monday, WestRock sold its business that makes soap dispensers and perfume sprayers for about $1 billion. ■