On Tuesday, Shares of Rock-Tenn Company (NYSE:RKT), lost -1.20% to $60.20.
Rock-Tenn Company, and MeadWestvaco Corporation (MWV) (MWV) recently declared that shareholders of RockTenn and stockholders of MWV overwhelmingly approved the projected combination of the two packaging companies into WestRock Company (WestRock) at their respective special meetings held earlier.
At the RockTenn special meeting, more than 97% of the shares voted “FOR” the proposal to approve the business combination agreement, representing about 80% of the total shares outstanding as of the record date. At the MWV special meeting, 98% of the shares voted “FOR” the proposal to approve the adoption of the business combination agreement, representing about 83% of the total shares outstanding as of the record date. RockTenn shareholders and MWV stockholders also approved the other proposals considered at their respective special meetings.
RockTenn and MWV have now received all necessary approvals and expect the transaction to close on July 1, 2015. The parties expect that WestRock will start “regular-way” trading, and RockTenn and MWV will be delisted from the NYSE on July 2, 2015.
Rock-Tenn Company manufactures and sells containerboard and paperboard products in the Unites States, Canada, Mexico, Chile, Argentina, and Puerto Rico. The company operates through four segments: Corrugated Packaging, Consumer Packaging, Merchandising Displays, and Recycling.
Shares of Chevron Corporation (NYSE:CVX), declined -0.23% to $96.47, during its last trading session, hitting its lowest level, in spite of U.S. oil prices rose on Tuesday, posting a 25% quarterly gain, after Iran and six world powers extended the deadline for nuclear talks until July 7.
Prices also rose on the expectation that weekly inventory data due Wednesday would show a ninth straight weekly decline in U.S. oil supplies, according to WSJ.
Light, sweet crude for August delivery settled up $1.14, or 2%, at $59.47 a barrel on the New York Mercantile Exchange. WSJ Reports.
Brent, the global benchmark, rose $1.58, or 2.5%, to $63.59 a barrel on ICE Futures Europe. The contract rose 15% in the second quarter, the biggest single-quarter percentage gain since the first quarter of 2011, but fell 3% in June. WSJ added.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, in addition to holds interest in a gas-to-liquids plant.
Finally, Gannett Co., Inc. (NYSE:GCI), ended its last trade with -0.99% loss, and closed at $13.99, hitting its lowest level.
Talent Board, a non-profit organization focused on the promotion and data benchmark research of a quality candidate experience, recently declared CareerBuilder, the global leader in human capital solutions, as a Global Platinum supporter of the 2015 Candidate Experience (CandE) Awards.
Companies faced greater competition for top talent than ever before. The candidate experience an organization provides can make all the difference in engaging qualified candidates and building a reputation as an employer of choice. The CandE Awards were founded in 2011 to assist companies better understand the candidate experience they provide and learn the best practices for improving this crucial aspect of the hiring process. As the CandE Awards continues to grow, expanding from North America to Europe, the Middle East and Africa (EMEA) and to the Asia-Pacific (APAC) regions, the support of companies like CareerBuilder is essential to the success of the program.
Talent Board will declare the 2015 CandE Award winners during the Second Annual Candidate Experience Symposium. This three-day event will unite talent acquisition experts, industry influencers, CandE Award winners and top HR leaders for keynote addresses, informative panels and roundtable talk aboutions. Attendees will take away actionable insights to improve the candidate experience at their organizations. Rounding out this year’s symposium will be the Fifth Annual CandE Awards Reception and Banquet, planned for the evening of Thursday, October 1, 2015.
Gannett Co., Inc. operates as a media and marketing solutions company. It operates through three segments: Broadcasting, Publishing, and Digital. The Broadcasting segment owns and operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites.
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