RockTenn Shareholders and MWV Stockholders Approve Combination
June 25, 2015 - Rock-Tenn and MeadWestvaco late yesterday announced that shareholders of RockTenn and stockholders of MWV overwhelmingly approved the proposed combination of the two packaging companies into WestRock Company at their respective special meetings held earlier that day.
At the RockTenn special meeting, more than 97% of the shares voted "FOR" the proposal to approve the business combination agreement, representing approximately 80% of the total shares outstanding as of the record date. At the MWV special meeting, 98% of the shares voted "FOR" the proposal to approve the adoption of the business combination agreement, representing approximately 83% of the total shares outstanding as of the record date.
RockTenn shareholders and MWV stockholders also approved the other proposals considered at their respective special meetings.
RockTenn and MWV have now received all necessary approvals and expect the transaction to close on July 1, 2015. The parties expect that WestRock will begin "regular-way" trading, and RockTenn and MWV will be delisted from the NYSE on July 2, 2015.
WestRock Company aspires to be the premier partner and unrivaled provider of paper and packaging solutions in consumer and corrugated markets. WestRock's 42,000 team members will support customers around the world from 275 operating and business locations spanning North America, South America, Europe and Asia. WestRock will trade on the NYSE under the ticker symbol WRK.
SOURCE: Rock-Tenn and MeadWestvaco