Paper and packaging group Smurfit Kappa says it has obtained all of the regulatory clearances it needs to complete its $20 billion tie-up with US competitor WestRock.
The company, Europe's largest paper packaging producer, said it now expects its shares to have their final day of trading on the Dublin stock exchange on July 2 and they will be delisted on the following Monday, July 8.
Smurfit Kappa said its shares will have their final day of trade on the London Stock Exchange on July 5, while the shares will be delisted in London on July 8.
The shares in the new combined firm Smurfit WestRock will start trading on Wall Street and in London on July 8.
The combined Smurfit WestRock will still be domiciled in Ireland, though, with its global headquarters in Dublin.
Smurfit Kappa, which operates in 22 European countries and 13 in South, Central and North America, is Europe's largest paper and packaging producer. WestRock is the second-largest packaging company in the US.
The companies' combined adjusted revenue was about $34 billion for the year ended June 30.
The deal would make the new company, called Smurfit WestRock, the largest listed global packaging partner by revenue.
