WestRock To Acquire Multi Packaging Solutions For $18.00/shr - Quick Facts

(RTTNews) - WestRock Company (WRK) and Multi Packaging Solutions International Limited (MPSX) announced an agreement for WestRock to acquire all of the outstanding shares of Multi Packaging Solutions for $18.00 per share in cash and the assumption of an estimated $873 million in net debt, for a total enterprise value of $2.28 billion. The acquisition is expected to be immediately accretive to WestRock's financial results, both on an earnings per share basis and cash flow basis, inclusive of purchase accounting adjustments.

Headquartered in New York, Multi Packaging Solutions is a global provider of print-based specialty packaging solutions. On a trailing twelve-month basis as of September 30, 2016, Multi Packaging Solutions generated revenue of $1.6 billion and Adjusted EBITDA of $237 million.