(Bloomberg) -- Gold-miner Endeavour Mining Plc rode a rally in the price of the precious metal to earn a place in the UK blue-chip index, replacing Smurfit Kappa Group Plc as the packaging company leaves the index following a merger with US rival WestRock Co.Most Read from BloombergBiden Struggles to Contain Mounting Pressure to Drop Out of RaceHouse Democrats Consider Demanding Biden Withdraw From RaceChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysKamala Harris Is Having
A paper and packaging company may not seem worth a second look in an era when hot technology names such as Nvidia streak skyward and growth stocks trounce value. Smurfit WestRock is set to begin trading in New York on July 8 as a paper powerhouse worth more than $20 billion, the creation of Ireland’s Smurfit Kappa buying U.S. WestRock for $11.15 billion in a merger announced last September. Smurfit Kappa revealed Thursday that the deal has cleared all regulatory hurdles, with the company’s delisting from Dublin and London set for the first week of July, before shares in the new company are issued to both Smurfit and WestRock investors.
International Paper (IP) confirms that it cleared another hurdle for the acquisition of DS Smith, with the expiration of the waiting period under the Hart-Scott-Rodino Act.