Energy News / Shareholders Foundation, Inc.

NYSE:KS Investor Notice: Investigation over Acquisition of KapStone Paper and Packaging Corp

Via: ReleaseWire

Updated 11:45 AM CST, Thu, February 08,2018

An investigation on behalf of investors of KapStone Paper and Packaging Corp. (NYSE:KS) in connection with the proposed takeover was announced and NYSE:KS stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 02/08/2018 -- An investigation was announced on behalf of investors in NYSE:KS shares concerning the takeover of KapStone Paper and Packaging Corp. by WestRock Company.

Investors who purchased shares of KapStone Paper and Packaging Corp. (NYSE:KS) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of KapStone Paper and Packaging Corp. breached their fiduciary duties owed to NYSE:KS investors in connection with the proposed acquisition.

On Jan. 29, 2018, WestRock Company (NYSE:WRK) and KapStone Paper and Packaging Corp. (NYSE:KS) announced the signing of an agreement, pursuant to which WestRock will acquire all of the outstanding shares of KapStone Paper and Packaging Corp. for $35.00 per share and will assume approximately $1.36 billion in net debt, for a total enterprise value of approximately $4.9 billion.

However, the investigation concerns whether the offer is unfair to NYSE:KS stockholders. More specifically, the investigation concerns whether the KapStone Paper and Packaging Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) closed on February 7, 2018 at $34.53 per share.

Those who are current investors in KapStone Paper and Packaging Corp. (NYSE:KS) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseks-investor-notice-investigation-over-acquisition-of-kapstone-paper-and-packaging-corp-928892.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com