ACCO Brands Corporation(ACCO)- NYSE
  • Mon, Mar. 21, 6:03 PM
    • ACCO Brands is buying the 50% of its Pelikan Artline JV that it doesn't own for $103M in cash. (Press Release)
    • ACCO estimates (based on 2015 results) Pelikan will contribute $112M in annual sales and $17M in adjusted EBITDA. $0.06 of EPS accretion is expected over the first 12 months, and $8M/year in synergies are targeted. Integration and restructuring expenses are expected to total $15M.
    • The deal is expected to close in the next 60 days. Pelikan will be combined with ACCO's existing Australia/New Zealand ops. CEO Boris Elisman: "We are very pleased that we will be able to combine our complementary businesses to create the largest supplier of premier branded business, academic and consumer products in Australia and New Zealand."
    | Mon, Mar. 21, 6:03 PM
  • Nov. 17, 2011, 9:04 AM

    ACCO Brands (ABD) will merge with MeadWestvaco's (MWV) consumer and office products business in a transaction valued at ~$860M. MWV shareholders will own 50.5% of the combined company. ACCO says the combination will increase its annual revenues by more than 50% and should immediately be accretive to its EPS. ABD +22.1%, MWV +1.2% premarket.

    | Nov. 17, 2011, 9:04 AM
Company Description
ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products and select computer and electronic accessories. It operates through the followings segments: ACCO Brands North America and ACCO Brands International and Computer Products Group. The ACCO Brands North... More
Industry: Office Supplies
Country: United States