MWV Reports Final Exchange Ratio for C&O Products Merger with ACCO Brands
MeadWestvaco Corp., Richmond, Va., USA, this week announced the final exchange ratio for the spin-off and subsequent merger of its Consumer & Office Products Business with ACCO Brands Corp. In addition to retaining the shares of MeadWestvaco common stock they currently own, MeadWestvaco stockholders will receive .32986547 shares of ACCO Brands common stock for each share of MeadWestvaco common stock they owned of record as of April 24.
No fractional shares of ACCO Brands Corp. will be issued; MeadWestvaco stockholders will receive cash in lieu of any fractional shares. The spin-off and merger became effective May 1. Following the merger, ACCO Brands common stock will trade under the ticker "ACCO" on the NYSE.
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