Breaking News Bar
posted: 4/25/2012 2:10 PM

ACCO shareholders approve MeadWestvaco merger

hello
Success - Article sent! close
 
PRNewswire

Lincolnshire-based ACCO Brands Corp. shareholders overwhelmingly approved a proposal to complete the merger of MeadWestvaco Corporation's Consumer & Office Products business with a wholly owned subsidiary of ACCO Brands.

"We are very pleased with today's vote approving our pending merger and the continued confidence and support we've received from our shareholders," ACCO Brands Chairman and Chief Executive Officer Robert J. Keller said, "We are looking forward to completing this transaction and improving the competitive positioning of our business."

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The proposal allows ACCO to issue the stock needed to complete the transaction. That stock will be traded under the NYSE ticker symbol "ACCO wi."  The completion of the merger remains subject to the satisfaction or waiver of several conditions but it is expected that the merger will be completed before the opening of NYSE trading on May 1, the company said in a statement. On May 1, assuming cthe merger is completed, all outstanding ACCO Brands common stock will trade under the new ticker symbol "ACCO."

ACCO Brands and MeadWestvaco signed an agreement last November to merge MeadWestvaco's Consumer & Office Products business into ACCO Brands in a transaction which was valued at approximately $860 million at the time of the announcement. Upon completion of the transaction, MeadWestvaco shareholders will own 50.5 percent of the combined company.

ACCO Brands Corp. is a global supplier of branded office products. Its brands include Day-Timer, Swingline, Kensington, Quartet, GBC, Rexel, NOBO, Derwent, Marbig and Wilson Jones, among others.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.