Stone shareholders to receive 99 JS Corp for every 100 Stone shares they hold - values Stone shares at $20.30 (£14.3) at JS Corp closing price pre-announcement.

Jefferson Smurfit buys half of Morgan Stanley's stake in JS Corp for $500 million.

Jefferson Smurfit largest shareholders in SSCC with 34 per cent.

Jefferson Smurfit to fill three of four main management positions.

12 board members - 4 appointed by Stone, 4 by JS Corp, one by Morgan Stanley plus chairman Michael Smurfit, chief executive Roger Stone and deputy chief executive Ray Curran.

SSCC - a company with annual sales of $8 billion, 36,000 employees in 350 locations in North America and Europe.

6.5 million tons of containerboard in US (18 per cent of total), 75.5 billion square feet of corrugated boxes in US (19 per cent of total).

Major presence in Germany, Benelux and Spain complementing Jefferson Smurfit's major presence in France and Italy.