MILWAUKEE, Sept. 12, 2023 /PRNewswire/ -- Ademi LLP is investigating WestRock (NYSE:WRK) for possible breaches of fiduciary duty and other violations of law in its transaction with Smurfit Kappa.
Click here to learn how to join the action https://www.ademilaw.com/case/westrock-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, WestRock stockholders are expected to receive only WestRock shareholders will receive one share in the new company, Smurfit WestRock, and $5 in cash for each share they hold, resulting in their ownership of approximately 49.6% of the new company once the deal is completed. The transaction agreement unreasonably limits competing transactions for WestRock by imposing a significant penalty if WestRock accepts a competing bid. WestRock insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of WestRock's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own WestRock common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/westrock-company.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
