Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of paper and packaging specialist Smurfit-Stone Container
So what: Rock-Tenn's offer values Smurfit shares at about $35 per share, representing a 27% premium to Smurfit's closing price Friday. The deal comes just seven months after Smurfit emerged from bankruptcy with a substantially cleaner balance sheet.
Now what: For those of us not lucky enough to have caught Smurfit's surge, Rock-Tenn might be worth looking into. The acquisition, which is still pending regulatory and shareholder approval, should triple Rock-Tenn's annual top-line to roughly $9 billion. Rock-Tenn, along with rival International Paper
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