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KapStone Paper And Packaging (KS) Surged To A New High After Buyout

KapStone Paper and Packaging (KS) announced Monday morning that it has agreed to be acquired by WestRock Co. (WRK) for $35.00 per share.

KapStone Paper and Packaging gapped open sharply higher Monday, but moved in a narrow range throughout the session. Shares finished with a gain of 8.17 at $34.71 on the highest volume of the year. The stock leaped to a new high for the year.

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