CREVE COEUR, Mo. and
CHICAGO, Feb. 15, 2011 /PRNewswire/ -- 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.
SOURCE Smurfit-Stone Container Corporation