WestRock and KapStone Announce Preliminary Merger Consideration Election Results
As previously announced, KapStone stockholders have the option, with respect to each share of KapStone common stock they hold, to receive
Based on information as of the Election Deadline, holders of 3,135,062 shares of KapStone common stock, or approximately 3.2% of the shares of KapStone common stock currently issued and outstanding, elected to receive Stock Consideration in respect of such shares. These are preliminary results. Because, based on such preliminary results, Stock Consideration is expected to be elected in respect of fewer than 25% of the shares of KapStone common stock outstanding as of immediately prior to the effective time of the acquisition, the election of Stock Consideration is not expected to be prorated.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements in this communication about
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed transaction among Holdco,
Participants in Solicitation
No Offer or Solicitation
This communication is neither an offer to sell, nor a solicitation of an offer to buy, any securities, nor the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
WestRock, Investors: James Armstrong, 470-328-6327, Vice President - Investor Relations, firstname.lastname@example.org; John Stakel, 678-291-7901, Senior Vice President - Treasurer, email@example.com; Media: John Pensec, 470-328-6397, Director, Corporate Communications, firstname.lastname@example.org; KapStone, Kathryn D. Ingraham, 847-239-8800, Vice President, Secretary and General Counsel