ISC Announces Ticker Symbol Change From ISV to ISC on the Toronto Stock Exchange

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.79%. WestRock scored higher than 42% of companies evaluated by MarketBeat, and ranked 145th out of 189 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

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As a result of this change, “ISC” will now be the ticker symbol for Information Services Corporation’s common shares listed on the TSX. wpf dynamic table The change allows for improved and synchronized brand alignment for the stock and the Company. No action is required by ISC’s shareholders in connection with the ticker symbol change. The CUSIP number for ISC’s Class A Limited Voting Shares remains unchanged, and no steps need to be taken with respect to previously issued share certificates, as these are not affected by the symbol change. Patrick Kivits, WestRock president of corrugated packaging, was slated to keep his position at the new company, but he announced his departure last month to become the new CEO at SEE, a position he assumed on July 1.

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• Patrick Kivits, WestRock president of corrugated packaging, was slated to keep his position at the new company, but he announced his departure last month to become the new CEO at SEE, a position he assumed on July 1.
• ISC is focused on sustaining its core business while pursuing new growth opportunities.
• No action is required by ISC’s shareholders in connection with the ticker symbol change.
• The new company, Smurfit WestRock, will be worth about $20 billion when listed.
• The Barchart Technical Opinion widget shows you today’s overall Barchart Opinion with general information on how to interpret the short and longer term signals.
• Similarly, Smurfit Kappa’s CFO Ken Bowles assumed the same position at the new company.

Business services

The announcement kicked off a period of international megadeals between fiber packaging companies. London-based DS Smith in April agreed to be acquired by International Paper, after thwarting a proposed offer from Mondi. Weeks later, Brazilian pulp and paper company Suzano pursued International Paper, but discussions ended in June. Common stockholders of WestRock will receive a share of the new company plus $5 in cash for each share they own, adding up to $43.5 per share based on yesterday’s closing price of Smurfit Kappa ordinary shares. Smurfit Kappa investors will receive one share of the new company for each share they own.

International Paper made a play for Smurfit Kappa twice in 2018, but the latter company rejected the proposals. Smurfit WestRock shares began trading on the New York Stock Exchange July 8; shares also began trading on the LSE. Smurfit Westrock executives rang the opening bell at the NYSE on Monday, their first full business day as the new company. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information.

About ISCHeadquartered in Canada, ISC is a leading provider of registry and information management services for public data and records. Throughout our history, we have delivered value to our clients by providing solutions to manage, secure and administer information through our Registry Operations, Services and Technology Solutions segments. ISC is focused on sustaining its core business limefx while pursuing new growth opportunities. The Class A Shares of ISC trade on the Toronto Stock Exchange under the symbol ISV. However, the deal offered a 28% premium to WestRock’s closing price yesterday, leading to a jump in its stock price.

For exchange delays and terms of use, please read disclaimer (will open in what is sdlc understand the software development life cycle new tab). It seems like a good deal, as it presents a 28% premium over WestRock’s closing price yesterday and far exceeds the expected deal premium of 15% to 20%. The two companies’ combined revenue in the last fiscal year was $34 billion, and adjusted core profit was $5.5 billion. The new company, Smurfit WestRock, will be worth about $20 billion when listed. Smurfit Westrock now becomes one of the world’s largest packaging companies. The Barchart Technical Opinion widget shows you today’s overall Barchart Opinion with general information on how to interpret the short and longer term signals.

Former Smurfit Kappa executives fill out the lion’s share of top executive positions at the new company. Similarly, Smurfit Kappa’s CFO Ken Bowles assumed the same position at the new company.

Price Target and Rating

I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest… Smurfit Kappa and WestRock identified $750 million worth of businesses and assets to divest if necessary to achieve regulatory approval, but in the end no divestitures were required. Analysts had predicted early in the regulatory review process that the companies would not face major obstacles in advancing the deal. That’s largely due to the lack of footprint overlap between the two companies’ portfolios, which means the new company would not unduly stifle marketplace competition. What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.76%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up…

In securities filings, the companies projected a combined revenue of more than $32 billion with 100,000 employees. Smurfit Westrock will have more than 500 sites and 63 paper mills, spanning 40 countries and six continents. “Smurfit Westrock is going to conquer the world of sustainable, paper-based packaging,” said CEO Tony Smurfit before ringing the NYSE’s opening bell. Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio. Sign-up to receive the latest news and ratings for WestRock and its competitors with MarketBeat’s FREE daily newsletter.