Rock-Tenn Company and Smurfit-Stone Container Corporation Shareholders Approve Merger

RockTenn RKT and Smurfit-Stone Container Corporation SSCC today announced the results of their meetings of shareholders held earlier today. Both RockTenn and Smurfit-Stone shareholders approved the merger as more than 99% of the RockTenn shares that voted at the meeting voted “FOR” the merger and more than 91% of the Smurfit-Stone shares that voted at the Smurfit-Stone meeting voted “FOR” the merger. RockTenn has completed its acquisition of Smurfit-Stone. Pursuant to the Agreement and Plan of Merger, each outstanding share of Smurfit-Stone common stock (other than dissenting shares), has been converted into the right to receive $17.50 in cash and 0.30605 of a share of RockTenn class A common stock. Pursuant to the Agreement and Plan of Merger, Timothy J. Bernlohr, Terrell K. Crews, and Ralph F. Hake have joined the RockTenn board of directors from the Smurfit-Stone board of directors, increasing the number of directors from 10 to 13.