Smurfit-Stone Extends Existing Employment Agreement of CEO Patrick J. Moore
16 February 2011 - 8:29AM
PR Newswire (Canada)
CREVE COEUR, Mo. and CHICAGO, Feb. 15, 2011 /CNW/ -- Smurfit-Stone
Container Corporation (NYSE: SSCC) today announced that the Company
has extended the term of Patrick J. Moore's existing employment
agreement until the completion of its pending acquisition by
Rock-Tenn Company ("RockTenn"). (Logo:
http://photos.prnewswire.com/prnh/20070129/SMURFIT-STONELOGO) Mr.
Moore's employment was previously scheduled to terminate no later
than March 31, 2011. The Company expects that the RockTenn
transaction will close in the second quarter of 2011. This
extension is intended to provide continuity of executive leadership
through the completion of the RockTenn transaction. About
Smurfit-Stone Smurfit-Stone Container Corporation is one of the
industry's leading integrated containerboard and corrugated
packaging producers and one of the world's largest paper recyclers.
The company is a member of the Sustainable Forestry Initiative®.
Smurfit-Stone generated revenue of $6.3 billion in 2010; has led
the industry in safety every year since 2001; and conducts its
business in compliance with the environmental, health and safety
principles of the American Forest & Paper Association.
Additional Information and Where to Find It In connection with the
proposed transaction, RockTenn and Smurfit-Stone Container
Corporation will be filing documents with the Securities and
Exchange Commission (the "SEC"), including the filing by RockTenn
of a registration statement on Form S-4 that will include a joint
proxy statement of RockTenn and Smurfit-Stone Container Corporation
that also constitutes a prospectus of RockTenn. RockTenn and
Smurfit-Stone Container Corporation stockholders are urged to read
the registration statement on Form S-4 and the related joint proxy
statement/prospectus when they become available, as well as other
documents filed with the SEC, because they will contain important
information. The final joint proxy statement/prospectus will be
mailed to stockholders of RockTenn and stockholders of
Smurfit-Stone. Investors and security holders may obtain free
copies of these documents (when they are available) and other
documents filed with the SEC at the SEC's website at www.sec.gov,
or by contacting RockTenn Investor Relations at (678) 291-7900 or
Smurfit-Stone Container Corporation Investor Relations at (314)
656-5553. Participants in the Merger Solicitation RockTenn,
Smurfit-Stone Container Corporation and their respective directors,
executive officers and other members of management and employees
may be deemed to be participants in the solicitation of proxies in
respect of the transaction. Information concerning RockTenn's
executive officers and directors is set forth in its definitive
proxy statement filed with the SEC on December 17, 2010.
Information concerning Smurfit-Stone Container Corporation's
executive officers and directors is set forth in its annual report
on Form 10-K for the year ended December 31, 2009, which was filed
with the SEC on March 2, 2010, and in its current report on Form
8-K filed on July 7, 2010. Additional information regarding the
interests of participants of RockTenn and Smurfit-Stone Container
Corporation in the solicitation of proxies in respect of the
transaction will be included in the above-referenced registration
statement on Form S-4 and joint proxy statement/prospectus when it
becomes available. You can obtain free copies of these documents
from RockTenn and Smurfit-Stone Container Corporation using the
contact information above. Lisa Esneault, Director, Communications
& Public Affairs of Smurfit-Stone, +1-314-656-5827 Web Site:
http://www.smurfit-stone.com
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