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WRK

WestRock

$37.24

-0.2 (-0.53%)

17:40
07/02/19
07/02
17:40
07/02/19
17:40

WestRock urges holders to reject mini-tender offer by TRC Capital

WestRock Company announced that it has received notification of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 3,000,000 shares, or approximately 1.17% of the outstanding common stock of the company as of April 19, 2019. TRC Capital's offer price of $34.80 per share in cash is 4.58% less than the $36.47 closing price of the company's common stock on June 28, 2019, the last trading day before the mini-tender offer commenced, and 6.55% less than the $37.23 closing price of the company's common stock on July 2, 2019. The company said it does not endorse TRC Capital's mini-tender offer and recommends that stockholders do not tender their shares in response to the offer. The offer is at a price below the current market price for WestRock shares and is subject to numerous conditions, including, among others, that there has not been any decrease in the market price of the WestRock shares and that TRC Capital has received proceeds of debt financing sufficient, together with cash on hand, to consummate the offer. The company urges stockholders to obtain current market quotes for their shares, review the conditions to TRC Capital's mini-tender offer, consult with their brokers or financial advisors and exercise caution with respect to this mini-tender offer. The company is in no way associated with TRC Capital, the mini-tender offer or the offer documentation.

  • 01

    Aug

WRK WestRock
$37.24

-0.2 (-0.53%)

04/16/19
BOFA
04/16/19
DOWNGRADE
BOFA
Neutral
International Paper, Packaging Corp. downgraded to Neutral at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst George Staphos downgraded International Paper (IP) and Packaging Corp. (PKG), each to Neutral from Buy, following "disappointing" March containerboard industry data points reported today. Box shipments were down a "surprising" 3.0% year-over-year and inventories declined 47,000 tons, said Staphos, who believes the industry needs to drop inventories 400-500K tons between February and June to get back into balance. The analyst, who now anticipates an increased likelihood of another price cut during Q2, lowered his price target on International Paper shares to $50 from $53, cut his price target on Packaging Corp. to $107 from $112 and lowered his price target on WestRock (WRK) to $41 from $43.
04/17/19
DBAB
04/17/19
DOWNGRADE
Target $42
DBAB
Hold
WestRock downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Debbie Jones downgraded WestRock to Hold from Buy and lowered her price target for the shares to $42 from $51. Box price erosion and deteriorating export markets bring downside risk to estimates, Jones tells investors in a research note. Further, while shares of WestRock are undervalued relative to historical multiples, structural changes in the containerboard industry and "deteriorating" fundamentals make it hard to have conviction that the stock will re-rate in the near-term, says the analyst. Jones does not see a near-term catalyst for WestRock.
05/15/19
UBSW
05/15/19
INITIATION
Target $47
UBSW
Buy
WestRock initiated with a Buy at UBS
UBS analyst Edlain Rodriguez initiated WestRock with a Buy rating and a price target of $47, saying the risk-reward on the stock is favorable despite the near-term decline in containerboard prices and the KapStone integration risk. The analyst also believes that the market may be "too pessimistic" in anticipating a sharp containerboard price decline coming from decelerating demand and added capacity. Rodriguez adds that the production downtime and capacity delays will likely moderate price declines to $10/ton rather than the market expectation of $40/ton.
06/24/19
SPHN
06/24/19
DOWNGRADE
Target $60
SPHN
Equal Weight
International Paper downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Mark Connelly downgraded International Paper (IP) to Equal Weight from Overweight, noting that RISI decided to cut the price of containerboard $10 "just three days after investors breathed a sigh of relief on encouraging supply-demand fundamentals." The $10 price cut triggers contract cuts as supply and demand were showing clear indications of moving back into balance thanks to supply discipline from International and WestRock (WRK), said Connelly, who sees damage being done to investor confidence by the "increasing unpredictability" of containerboard pricing. He also thinks continued new capacity announcements will keep up a high need for economic downtime, added the analyst, who keeps a $60 price target on International Paper shares.

TODAY'S FREE FLY STORIES

CMCSA

Comcast

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-0.14 (-0.32%)

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  • 09

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ETSY

Etsy

$40.33

-1.85 (-4.39%)

, WAT

Waters

$223.70

-1.24 (-0.55%)

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$40.33

-1.85 (-4.39%)

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$223.70

-1.24 (-0.55%)

FFIV

F5 Networks

$136.50

-7.06 (-4.92%)

HOME

At Home Group

$5.50

-3.05 (-35.67%)

DFS

Discover

$82.89

-0.73 (-0.87%)

SYF

Synchrony

$37.25

-0.22 (-0.59%)

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  • 10

    Dec

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YETI

Yeti

$32.86

1.46 (4.65%)

, BRO

Brown & Brown

$38.06

0.41 (1.09%)

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YETI

Yeti

$32.86

1.46 (4.65%)

BRO

Brown & Brown

$38.06

0.41 (1.09%)

NKE

Nike

$95.20

1.48 (1.58%)

FB

Facebook

$200.84

2.14 (1.08%)

GOOGL

Alphabet Class A

$1,324.89

5.9 (0.45%)

GOOG

Alphabet

$1,327.00

5.54 (0.42%)

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  • 09

    Dec

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    Dec

  • 26

    Feb

10:02
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General news
Factory Orders data reported »

October Factory Orders up…

DLTR

Dollar Tree

$90.39

1.06 (1.19%)

10:00
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Early speculation drives call buyers to Dollar Tree »

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MODN

Model N

$29.70

0.2 (0.68%)

09:58
12/05/19
12/05
09:58
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09:58
Conference/Events
Model N management to meet with Oppenheimer »

Meetings to be held in…

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  • 09

    Dec

  • 10

    Dec

COST

Costco

$296.42

0.25 (0.08%)

, BYND

Beyond Meat

$71.81

-2.15 (-2.91%)

09:58
12/05/19
12/05
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09:58
Hot Stocks
Beyond Meat higher after Bloomberg says Costco selling in select stores »

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COST

Costco

$296.42

0.25 (0.08%)

BYND

Beyond Meat

$71.81

-2.15 (-2.91%)

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  • 12

    Dec

XXII

22nd Century

$1.02

-0.005 (-0.49%)

, TCNNF

Trulieve Cannabis

$0.00

(0.00%)

09:56
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On The Fly
Rising High: 22nd Century enters CBD health market with Panacea investment »

In this week's "Rising…

XXII

22nd Century

$1.02

-0.005 (-0.49%)

TCNNF

Trulieve Cannabis

$0.00

(0.00%)

ACB

Aurora Cannabis

$2.49

0.01 (0.40%)

TBPMF

Tetra Bio Pharma

$0.00

(0.00%)

ALEAF

Aleafia Health

$0.00

(0.00%)

APHA

Aphria

$4.71

0.035 (0.75%)

CVSI

CV Sciences

$0.00

(0.00%)

CTST

CannTrust

$0.77

-0.0076 (-0.98%)

CGC

Canopy Growth

$18.64

0.25 (1.36%)

CRON

Cronos Group

$6.70

0.13 (1.98%)

CANN

General Cannabis

$0.00

(0.00%)

TLRY

Tilray

$18.79

0.02 (0.11%)

ZYNE

Zynerba

$5.99

(0.00%)

IGC

India Globalization Capital

$0.74

(0.00%)

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  • 09

    Dec

MMM

3M

$167.00

-0.105 (-0.06%)

09:55
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12/05
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Options
3M put volume heavy and directionally bearish »

Bearish flow noted in 3M…

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  • 10

    Dec

MEET

Meet Group

$5.19

0.035 (0.68%)

09:55
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09:55
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Conference/Events
Meet Group management to meet with Oppenheimer »

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  • 09

    Dec

PDCO

Patterson Companies

$21.91

1.69 (8.36%)

, SIG

Signet Jewelers

$18.20

1.55 (9.31%)

09:55
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Options
Early notable gainers among liquid option names on December 5th »

Notable gainers among…

PDCO

Patterson Companies

$21.91

1.69 (8.36%)

SIG

Signet Jewelers

$18.20

1.55 (9.31%)

TSCO

Tractor Supply

$98.26

2.55 (2.66%)

FAST

Fastenal

$35.94

0.87 (2.48%)

DLTR

Dollar Tree

$90.80

1.47 (1.65%)

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  • 05

    Dec

  • 05

    Dec

09:55
12/05/19
12/05
09:55
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Conference/Events
House Energy & Commerce Committee to hold a hearing »

The Subcommittee on…

09:55
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Conference/Events
Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

The Committee holds a…

PLCE

Children's Place

$70.58

1.295 (1.87%)

, AEO

American Eagle

$15.29

0.215 (1.43%)

09:55
12/05/19
12/05
09:55
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09:55
Conference/Events
Wedbush consumer data analyst to hold an analyst/industry conference call »

Consumer Data Analyst…

PLCE

Children's Place

$70.58

1.295 (1.87%)

AEO

American Eagle

$15.29

0.215 (1.43%)

ANF

Abercrombie & Fitch

$16.93

0.34 (2.05%)

GPS

Gap

$16.36

0.32 (2.00%)

LB

L Brands

$18.45

-0.24 (-1.28%)

URBN

Urban Outfitters

$25.39

0.2 (0.79%)

LULU

Lululemon

$227.88

2.34 (1.04%)

EXPR

Express

$4.60

0.71 (18.25%)

ZUMZ

Zumiez

$30.90

0.94 (3.14%)

JWN

Nordstrom

$38.07

0.39 (1.04%)

KSS

Kohl's

$46.81

0.56 (1.21%)

DDS

Dillard's

$69.31

0.49 (0.71%)

TJX

TJX

$59.65

-0.22 (-0.37%)

ROST

Ross Stores

$113.65

-0.205 (-0.18%)

BURL

Burlington Stores

$223.71

0.59 (0.26%)

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  • 05

    Dec

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    Dec

  • 05

    Dec

  • 05

    Dec

  • 11

    Dec

  • 11

    Dec

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    Dec

  • 27

    Feb

09:55
12/05/19
12/05
09:55
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09:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Committee holds a…

KEY

KeyCorp

$19.22

0.12 (0.63%)

09:54
12/05/19
12/05
09:54
12/05/19
09:54
Conference/Events
KeyCorp management to meet with RBC Capital »

Meeting to be held in New…

03/08/13
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  • 09

    Dec

  • 23

    Jan

JRVR

James River Group

$39.40

(0.00%)

09:51
12/05/19
12/05
09:51
12/05/19
09:51
Conference/Events
James River Group management to meet with JMP Securities »

Meeting to be held in the…

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  • 09

    Dec

SAGE

Sage Therapeutics

$60.00

-89.22 (-59.79%)

09:50
12/05/19
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09:50
Hot Stocks
Breaking Hot Stocks news story on Sage Therapeutics »

Sage Therapeutics trading…

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CC

Chemours

$15.35

-0.065 (-0.42%)

, MMM

3M

$167.51

0.405 (0.24%)

09:49
12/05/19
12/05
09:49
12/05/19
09:49
Periodicals
Lawmakers reach deal on federal cleanup standards for PFAS, E&E News says »

Lawmakers have agreed to…

CC

Chemours

$15.35

-0.065 (-0.42%)

MMM

3M

$167.51

0.405 (0.24%)

03/08/13
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  • 09

    Dec

  • 10

    Dec

BYND

Beyond Meat

$72.70

-1.26 (-1.70%)

, COST

Costco

$296.65

0.48 (0.16%)

09:48
12/05/19
12/05
09:48
12/05/19
09:48
Periodicals
Breaking Periodicals news story on Beyond Meat, Costco »

Beyond Meat to be sold at…

BYND

Beyond Meat

$72.70

-1.26 (-1.70%)

COST

Costco

$296.65

0.48 (0.16%)

03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

GPK

Graphic Packaging

$16.36

0.03 (0.18%)

09:47
12/05/19
12/05
09:47
12/05/19
09:47
Conference/Events
Graphic Packaging management to meet with RBC Capital »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 09

    Dec

  • 10

    Dec

EAF

GrafTech

$12.80

-1.12 (-8.05%)

09:47
12/05/19
12/05
09:47
12/05/19
09:47
Hot Stocks
GrafTech falls -7.3% »

GrafTech is down -7.3%,…

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03/06/13
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  • 05

    Dec

ESTC

Elastic

$65.62

-12.81 (-16.33%)

09:47
12/05/19
12/05
09:47
12/05/19
09:47
Hot Stocks
Elastic falls -16.8% »

Elastic is down -16.8%,…

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03/06/13
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  • 16

    Dec

HOME

At Home Group

$5.03

-3.52 (-41.17%)

09:47
12/05/19
12/05
09:47
12/05/19
09:47
Hot Stocks
At Home Group falls -41.1% »

At Home Group is down…

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