Rock-Tenn Company (RockTenn) (NYSE:RKT) and MeadWestvaco Corporation (MWV) (NYSE:MWV) today announced that shareholders of RockTenn and stockholders of MWV overwhelmingly approved the proposed combination of the two packaging companies into WestRock Company (WestRock) at their respective special meetings held earlier today. 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.
Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that it has received notice that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding Greif’s pending acquisition of Caraustar Industries, Inc.
As this was the last regulatory approval required to complete the pending acquisition, Greif and Caraustar Industries expect the acquisition to close on February 11, 2019, subject to customary closing conditions.