Nov. 17, 2011, 9:04 AMACCO 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 | Comment!
ACCO Brands Corp is a manufacturer & marketer of office, school & calendar products and select computer and electronic accessories. It sell its products to consumers & commercial end-users through resellers, including traditional office supply resellers.
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