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Rock-Tenn (RKT) Stock Upgraded Today at Keybanc

2015-01-30 09:21:44| Paper - Topix.net

The firm said it raised its rating on the integrated manufacturer of corrugated and consumer packaging based on its belief the company's merger with MeadWestvaco Corp. The two companies announced the merger on Monday stating that the transaction has a combined equity value of $16 billion. Keybanc said it "thought highly" of the deal when it was announced and believes the merger will go through, though it is uncertain about the timing.

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