WestRock Enters Into Definitive Agreement to Divest Home, Health and Beauty Business for $1.025 Billion

NORCROSS, Ga., Jan. 23, 2017 (GLOBE NEWSWIRE) -- WestRock Company (NYSE:WRK) announced today that it has entered into a definitive purchase agreement with Silgan Holdings Inc. (NASDAQ:SLGN) under which Silgan will purchase WestRock’s Home, Health and Beauty business for $1.025 billion in cash plus the assumption of approximately $25 million in foreign pension liability. WestRock expects to receive net after-tax proceeds from the divestiture of approximately $1 billion.

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