RockTenn, Smurfit-Stone Announce Early Termination of HSR Waiting Period
Feb. 7, 2011 (Press Release) - RockTenn and Smurfit-Stone Container Corporation announced today that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the previously announced acquisition of Smurfit-Stone Container Corporation by RockTenn.
The transaction remains subject to other customary closing conditions, including approval by the stockholders of both companies.
RockTenn is one of North America’s leading manufacturers of paperboard, containerboard and consumer and corrugated packaging, with annual net sales of $3 billion. RockTenn’s 10,400 employees are committed to exceeding their customers’ expectations — every time. The Company operates locations in the United States, Canada, Mexico, Chile and Argentina.
Smurfit-Stone Container is one of the industry's leading integrated containerboard and corrugated packaging producers and one of the world's largest paper recyclers. The Company is a member of the Sustainable Forestry Initiative®. Smurfit-Stone generated revenue of $6.3 billion in 2010; has led the industry in safety every year since 2001; and conducts its business in compliance with the environmental, health and safety principles of the American Forest & Paper Association.